Business Decisions12 Maj 2023

Jon Shell of Social Capital Partners - Employee Ownership Trusts

On this first episode of Season 2 of the Business Decisions podcast, we're joined by Jon Shell of Social Capital Partners, a non-profit organization that aims to advance economic opportunity and social inclusion by designing and implementing systemic ideas to tackle social problems. He is also part of the Steering committee for the Canadian Employee Ownership Coalition. We discuss what Employee Ownership Trusts are and why Jon and many others believe they can offer a win-win-win solution for business owners, employees, and society at large. We also talk about the benefits and challenges of EOTs, as well as the need for education, awareness, and policy support. Jon shares some examples of successful EOTs in other countries, including Taylor Guitars where Jon was involved, and what Canada can learn from them. He also reveals what was just announced in the recent federal budget here in Canada and how/why it fell short of what his organization was hoping for. Finally, he explains how big he thinks the opportunity could be in Canada if we take the right approach with EOTs, and the main steps and considerations involved. If you are curious about EOTs and how they can transform our economy and start to close the wealth-gap that exists in Canada, this episode is for you.

Links:

Social Capital Partners - www.socialcapitalpartners.ca

Canadian Employee Ownership Coalition - employee-ownership.ca

Caravel Law - https://www.caravellaw.com/

Host: Stuart Wood, Caravel Law

Theme Music: The Box Jellys

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