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employeeownership.com.au http://employeeownershipconference.com.au Tue, 27 May 2014 03:40:55 +0000 en-US hourly 1 Dick Smith Holdings excels in employee ownership http://employeeownershipconference.com.au/media-releases/dick-smith-holdings-excels-in-employee-ownership/ http://employeeownershipconference.com.au/media-releases/dick-smith-holdings-excels-in-employee-ownership/#comments Tue, 27 May 2014 03:40:55 +0000 http://employeeownershipconference.com.au/?p=803

Dick Smith’s commitment to employee ownership and participation saw them take out Best New Employee Share Plan last night, joining Telstra, Brambles, Computershare and other winners at the Annual Employee Ownership Conference and Awards, at PwC Sydney.

The awards recognise excellence in employee ownership and employee share plans.

“At any one of Dick Smith’s retail stores across the country, you might be served by an employee who is also an owner,” said Angela Perry, Chair, Employee Ownership Australia and New Zealand (EOANZ) and Global Head of Business Development, EPS.

An impressive 70% of the eligible employees in 2014 took up the company’s offer to become shareholders in the business. Judges were particularly impressed by Dick Smith’s engagement with staff on share ownership.

“Treasurer Joe Hockey’s call to arms for Australians to recognise that self-interest is aided by looking after collective-interest, this would be encouraged by a reversal of 2009 legislation changes to employee share schemes,” said Perry.

Speaking at the conference earlier in the day, Tony Smith MP, Federal Member for Casey, said that Employee share ownership is crucial to innovation and much momentum had been built following an EOANZ presentation to the Government’s Economics and Finance Committee in March, which he chairs. “I feel confident. Momentum is building”, he said.

Winner of Best Performance in Fostering Long Term Share Ownership (less than 1,000 employees), acQuire Technology Director, Tadhg MacCarthy, said despite some regulatory challenges, they had powered ahead with their plan as it made the company more competitive.

EOANZ believes that acQuire’s example shows how employee ownership can inspire and drive any company’s growth, “acQuire’s commitment to employee ownership in the current climate highlights what could result if the tax and regulatory regime were improved and employee ownership is encouraged,” said Perry.

List of winners in six categories attached:

Media contact:

For an interview with Angela Perry, Chair, EOANZ, please contact Suzanne Henderson, Sommerson Communications: 0407 104 268 | sommerson1@optusnet.com.au

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