Payne said she's excited for Juno, a private career college with 34 employees, to be one of the first Canadian companies to adopt such an approach.
"Every employee becomes a shareholder of the company through the trust for free, and they earn additional shares every year, allowing them to grow their wealth over time," he said. "When they leave the company or retire, the company buys back their shares for cash." For Payne, who's been running Juno since she founded it in 2012, that's one of the key reasons why she reached out to Shells for more information about EOTs — and why she feels it's the right model for her business.Flexibility expected to be key to return to workWith more people returning to their offices, many employers are acknowledging that flexibility and a few perks will be needed to entice workers back to their desks.
Social researcher Marcelo Vieta says co-operatives give members 'a democratic say in the running of the firm, and what’s done with revenues and the strategic orientation of the business.' But according to Pek, there are some potential challenges that can arise if the democratic process is not done properly.
It's called Decentralized Autonomous Organizations (DAOs) and the future is on chain. Get with the times dear propagandists
Canada needs to change its laws around individual ownership of private corporate shares and the prospectus exemption. It makes these sorts of structures far too onerous for a company going midsize +.
'Every employee becomes a shareholder of the company through the trust for free, and they earn additional shares every year, allowing them to grow their wealth over time.' They're not getting it 'for free'. They earn ownership by their skill and labour.