business succession
partner feature
Business succession events in Wales B
usiness success through planned business succession will be the topic at a breakfast event hosted
by Wales Co-operative Centre in May. The event will explore issues around business exits, succession and utilising employee ownership as a tool for long term succession planning. Employee ownership is a concept
which is becoming more popular in Britain due to the increased recognition of it as a means of sustaining growth and encouraging innovation within companies. In fact, according to industry experts Field Fisher Waterhouse by September 2012, an investment of £100 in employee owned companies in 1992 would have returned £661 compared to the same investment at the same time in the FTSE All-share which would have returned just £244.
Britain’s most famous employee
owned company, the John Lewis Partnership recently announced a bonus worth 17 per cent for each employee. The Partnership currently employs more than 84,000 people and has paid a bonus of at least nine per cent since 1999/2000. Employee ownership can also be
effective as a long term succession strategy. Several models can be used to allow business owners to sell shares directly to employees or to a trust working on behalf of the employees (similar to the ‘John Lewis Model’). The move towards employee ownership is flexible and can be utilised over a timescale that suits the owners, the employees and the company. Places for the event at the
Lysaght Institute in Newport on May 1 can be booked online at www.
walescooperative.org/business- succession-events
48 THEbusiness QUARTER
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