Employee stock ownership plans (ESOPs) offer companies a powerful opportunity to enhance key aspects of their operations, from increasing employee engagement to improving financial performance and fostering long-term growth.
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Earlier this year, FMI and Construction Financial Management Association (CFMA) partnered together to survey construction owners and executives on their ownership transfer and management succession plans. The results presented are based on almost 300 responses.
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Transitioning to an employee stock ownership plan (ESOP) means a period of big change for a company. It’s also the best time to rethink the company board. In this paper we provide best practices that company leaders can take to build an effective ESOP board and ensure a successful transition.
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The built environment offers tangible payoffs for those who do the work: world-class projects and feats of engineering. Success within the space is tied to a sense of shared ownership with employees feeling they have buy-in and a say in the decision-making process. ESOPs are a great means to an end, because there is a profound shared goal at work on both ends of the employer-employee equation: to […]
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