Employee Ownership Trust Transactions
On 14 February 2019, one of our directors Nigel Mason spoke with Deb Oxley OBE, chief executive of the Employee Ownership Association (“EOA”), at the annual Jack Fitzpatrick Memorial Lecture in Dublin, organised by IPSA, the Irish Proshare Association. Jack Fitzpatrick was a lifelong advocate of profit sharing and lobbied successive Irish governments to introduce supportive profit sharing legislation.
Nigel spoke about the great progress that’s being made in the UK with Employee Ownership Trusts, which are helping hundreds of business owners find a succession solution for their businesses by selling on to an employee trust. Nigel was instrumental in persuading the UK government to introduce EOTs when he worked as policy director at EOA. He also advised the Blair/Brown New Labour government in 2000 on the introduction of Enterprise Management Incentive (“EMI”) share options and the Share Incentive Plan (“SIP”) The Lecture was sponsored by Independent Trustee Limited and hosted by the law firm McCann FitzGerald.
Pictured left to right are: Nigel Derrick – Client Services Director, Computershare & Chair of IPSA, Elma Fox – Trustee Services Director (Group Pensions), Independent Trustee Limited, Jeremy Mitchell – Trustee Services Director (Share Schemes), Independent Trustee Limited, Deb Oxley OBE – Employee Ownership Association, Gill Brennan – CEO IPSA, Aidan McLoughlin – Group Managing Director, ITC Group, Nigel Mason – RM2, Eleanor Cunningham – Partner, McCann FitzGerald & Vice-Chair & incoming Chair of IPSA
If you have any queries about the Employee Ownership Trust model or a query on an employee share plan give the team at RM2 a call on 0208 949 5522, download our free factsheets, or email email@example.com