The EOA is 40

This year – 2019 – we are celebrating 40 years of better business together while having our sights set on the future and our target of three million employee owners by 2030.

With your support, the EOA’s 40th anniversary will be a seminal year, laying down the foundations for a new economic era where the impact of business on individuals, their families and their communities starts to work in the interest of the many, not the few. Sponsor with us in 2019

As well as looking back at the foundations of the EOA and celebrating our successes, once again we will use the stories of the brilliantly successful and diverse businesses from our membership that are prospering as a result of transitioning to employee ownership to campaign for more employee ownership in the UK economy with key influencers. We will be collecting and showcasing 40 voices of employee ownership and 40 EOA facts to  build a timeline of key achievements. You can be part of this – get in touch before the end of March if you have a fact or voice to share for quarter 2.

Robert Oakeshott and Deb Oxley

The history of the EOA and its founder Robert Oakeshott

The EOA was established in 1979 by English journalist, economist and social reformer Robert Oakeshott.

Robert (pictured) lived an adventurous life which saw him complete national service in Malaya, study Classics at Oxford, be named a hero of the Hungarian Revolution, being a journalist for the Financial Times, a government advisor in Zambia, founding a school in Botswana and standing for election as an MP before beginning his focus on worker cooperatives and employee ownership.

When Robert returned to the UK in 1973 he was the driving force in launching Sunderlandia, a builders’ co-operative in Sunderland.  After this he studied worker cooperatives  and employee owned businesses including Mondragón, the large co-operative complex in the Basque region of Spain which lead to him authoring two books ‘The Case for Workers’ Cooperatives’ and ‘Jobs and Fairness: The Logic and Experience of Employee Ownership’.

In 1979, Oakeshott founded Job Ownership Limited (JOL), a consultancy to advise on industrial co-ops and conversion to the employee-owned model. In its early life JOL was supported by the John Lewis Partnership and Scott Bader as well as those who Robert advised and supported to become employee owned including Scottish papermaker Tullis Russell and Baxi Heating, (now Baxendale) the domestic boiler manufacturer employing 1,200 people near Preston, which converted to an employee benefit trust.

Robert Oakeshott retired in 1999 at which point JOL became a membership organisation and subsequently became the Employee Ownership Association in 2006 – by 2015 it had 200 members and has since grown to over 350 members from across the UK.

Robert continued to be involved in employee ownership in the UK and beyond until his death age 77 in 2011. Since 2012 the EOA has held  an annual Robert Oakeshott Lecture in his memory.

In the years since the EOA has seven further Chief Executives including Patrick Burns, Iain Hasdell and today it is led by Deb Oxley OBE (pictured).

In 2017 Deb led the largest UK independent, national inquiry into employee ownership which involved a panel of over 20 UK business organisations.  The findings and recommendations of the inquiry launched in the Ownership Dividend report in June 2018 with a plan to roll out its actions in 2019.

40 EOA Facts

  • The EOA was founded in 1979
  • John Lewis Partnership’s first move to employee ownership pre-dated the EOA by 50 years
  • Trustee member Arup become employee owned in 1977
  • Tullis Russell and Baxi heaters (Baxendale) were two of the first to convert to employee ownership with support from JOL
  • The EOA Conference was launched in 2005
  • In 2006 the first public service mutual EOA member CSH Surrey was created under the leadership Jo Pritchard
  • A mutuals programme was established in 2011 and reignited in 2018
  • Actions from the Nuttall Review 2012, led by EOA member Graeme Nuttall OBE of Fieldfisher, have helped to grow the sector.
  • The first Employee Ownership Trust (EOT) was established in 2014 – there are now about 250
  • The most comprehensive research into employee ownership was published in the report the Ownership Dividend in 2018

 

40 voices of EOA

Richard Rolfe, BMT

Simon Fowler, John Lewis Partnership

Renee O’Drobinak, Donald Insall

Campbell Mair, Highland Home Carers

Lucy Flower, City Health Care Partnership

Rob Davenport, Shawstons

Emma Cairns, Quintessa

Emma-Louise Mills, BMT

Harvey Fremlin, NSBRC

Alden Whittaker-Brown, Arup

Voices and facts Archive:
(We’ll add 10 voices and facts each quarter and archive them – please get in touch if you have something to contribute)

Quarter 1 archive

EOA 40 activity

We will connect with you through networks and events, ask you to campaign with us and celebrate employee ownership and work with you to champion your employee ownership story or expertise.

Get involved with the EOA in 2019:

Activity that is being planned to be announced in Q1:

  • A coffee table book of 40 years of employee ownership
  • A futurist event that looks at the next 40 years of EO
  • Parliamentary reception
  • Our giving back activity

Recent research into employee ownership

The Ownership Dividend – The Economic Case for Employee Ownership

UK June 2018 – The evidence and recommendations of the Ownership Effect Inquiry – a panel of UK business leaders and industry experts, which heard and examined evidence from 100+ employee owned businesses and advisors, concluded there is a significant and valuable Ownership Dividend to be gained from more employee ownership in the UK economy.

Download the document here or click the image

Employee Ownership and Economic Well-being

USA May 2017 – This report measures the Household Wealth, Job Stability, and Employment Quality among Employee-Owners Age 28 to 34 which concludes that they have a 92% higher median household wealth, 33% higher wage income and 53% longer job tenure than those in non-EO businesses

Employee Ownership and Economic Well-being

Busting the Millennial Myth – the Power of Purpose

UK November 2016 – An inquiry into the millennial generation’s attitude towards working in employee-owned businesses and how they can prosper in millennials’ hands

Busting the Millennial Myth – the Power of Purpose