THOUGHT LEADERSHIP
Achieving BEE Ownership Through Employee Ownership
Employee Share Ownership Plans (ESOPs) involve providing targeted employees with an ownership stake in their employing company. Employee ownership can better align employee and shareholder interests, and from a BEE perspective enables BEE ownership recognition.
BEE Ownership & Competition Commission: Public Interest Considerations
For many multinational companies, investing in South Africa can challenge even the most experienced international teams in novel ways. Specifically, a multinational that has identified a South African company to acquire, and that is in the process of evaluating or implementing the transaction, should carefully consider both BEE ownership implications and the public interest factors considered by South Africa’s Competition Commission.
Accounting for Employee Share Ownership Plans
Employee Share Ownership Plans (ESOP’s) have become increasingly common for multinational, listed and unlisted companies operating in South Africa as a way to attract, retain and reward their employees. ESOP’s can also be effective mechanisms to drive companies’ Broad-based Black Economic Empowerment (BEE) strategies and to align stakeholder and employee values.
BLOGS
BEE Ownership for Multinationals – An Introduction
A company’s BEE status is first and foremost assessed as its BEE contribution level, which is essentially an expression of how well the business has embraced BEE against set targets. These targets are set across various categories, with a key one being Black ownership in the business.
11 things to consider before implementing an ESOP
Over 150,000 employees now hold shares in the companies they work for. Employee Share Ownership Plans (ESOPs) are playing an increasing role in promoting employee ownership and economic inclusion, while also helping companies meet Black Economic Empowerment (BEE) goals.
SA COMPANIES CAN CREATE SHARED VALUE THROUGH ESOPS
Employee share ownership plans have been underused as a strategy to galvanise economic growth in South Africa. They can be a mechanism to drive inclusive economic growth while broadening the reach and impact of black-based economic empowerment programmes.
INDUSTRY HIGHLIGHTS
Employee ownership – a missed opportunity to drive transformation
Research indicates that when employees feel a sense of ownership in the organisation they work for, they have increased job satisfaction and show more commitment and loyalty which then leads to improved productivity, innovation and profitability.
South African companies can create shared value through ESOps
Employee share ownership plans have been underused as a strategy to galvanise economic growth in South Africa. They can be a mechanism to drive inclusive economic growth while broadening the reach and impact of black-based economic empowerment programmes.
ADVICE: Accounting for employee share ownership plans
Employee share ownership plans (ESOPs) have become increasingly common for multinational, listed and unlisted companies operating in South Africa as a way to attract, retain and reward their employees.
EVENTS
the esop playbook, co-created with gibs
This course explores Employee Share Ownership Plans (ESOPs), focusing on best practices from SA and around the world. Employee ownership aligns shareholder and employee goals, can enhance business performance, and improves BEE status