Saturday, 28 January 2012

Clegg's employee ownership initiative gets a boost

I missed this article earlier in the week reviewing Clegg's speech on employee ownership. David Erdal who wrote it is author of Beyond The Corporation and has practical experience in the workings of successful enterprises that have been turned over to employee ownership:

A way of driving growth that avoids the corporate excesses of the past and addresses disparities in wealth and reward that are simply unfair - that is the holy grail of British politics today. The search appears under many rubrics: curbing crony capitalism, boosting boardroom responsibility, securing a fair deal for the squeezed middle.
In the last 10 days all three leaders of the main political parties have staked their claim to pushing a new, more responsible kind of capitalism. Yesterday Deputy Prime Minister Nick Clegg made the most substantive contribution to this debate so far.
Calling for a renewed focus on employee ownership in the UK economy, Mr Clegg pledged to identify a number of measures over the coming months to help ordinary employees hold a real stake in the companies for which they work.
In so doing he articulated a realistic path to giving more people a direct stake in the country's economic recovery - boosting growth whilst at the same time doing something about that intractable fairness issue. He should be applauded. For employee-owned businesses, which come in many different forms, are models of responsible capitalism - not just superficially, but in depth.

read the whole article here:

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