Cultural & Performance Change
To identify training and the support required for staff to move into employee ownership through the introduction of the “Employee Share Ownership Plan” (ESOP), C-Mac needed to understand the current situation. Consultants were engaged to undertake a survey and make recommendations. The report was titled:
Employee Ownership, Performance Management and High Performance: A Report on the Performance Culture at C-Mac Industries and the firms’ readiness for Transition to Employee Ownership.
Undertaken by Dr Anthony Jensen (Founding member of the Cooperative Development Network)
Below is the Introduction from the report:
The purpose of this report is to support the vision of the owners of C-Mac to transition ownership of the firm to its employees over four years. With its move to make shares in the business available to its employees, C-Mac’s owners and its leadership team have shown that they are forward-thinking and prepared to embrace change.
Importantly, whilst C-Mac has received national recognition for its … Read more