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Editorial Reviews

Review
“Perry Phillips has been a key player in the development of employee share ownership reforms in Canada over the past decade. His new book, Employee Share Ownership Plans, explains both the rationale for employee ownership and the practical information you need to make it work in your company. This is a welcome and much-needed addition to the library of resources on employee ownership.”
— David Binns, Associate Director, Foundation for Enterprise Development, and Former Executive Director of the U.S. ESOP Association

“A comprehensive and informative reference work on ESOPs. Highly recommended to anyone planning to establish or participate in an ESOP.”
— George P. Dzuro, Koskie Minsky, Barristers & Solicitors, and Vice-President ESOP Association Canada

“As a founding director of the ESOP Association of Canada, Perry Phillips has seen first-hand how ESOPs can boost productivity and competitiveness, while at the same time enhancing employee job satisfaction. He argues this case very convincingly in Employee Share Ownership. This book serves as an excellent ‘how-to’ roadmap, which will assist businesspeople in the design and implementation of ESOPs in Canada.”
— Roy Cullen, Member of Parliament, Etobicoke North, and Former Forestry Executive

“This is a well written and thorough review of the ESOP world. It is a valuable tool for both clients and their advisors.”
— Brian J. Wilson, Wilson Vukelich, Barristers & Solicitors

“A must-read for entrepreneurs, and a powerful weapon for enterprise committed to wealth creation and to their people.”
— Songnian Zhou, CEO, Platform Computing Corporation

“This is a very timely and important book by one of Canada’s most knowledgeable experts on employee ownership. Stock-based compensation is becoming increasingly important in Canadian companies, yet, until this book, there has been no detailed and reliable single source on how these plans work. This is a valuable and important contribution.”
— Corey Rosen, Executive Director, National Center for Employee Ownership

Product Description
Employee Share Ownership Plans (ESOPs) are a powerful new tool in a world in which it is no longer business as usual.

Whether you want to attract and retain skilled workers, create a succession plan for a family business, combat the “brain drain,” recognize the contributions your employees have made to your company’s success, or need a way to turn your company around through improvements in productivity and morale, an ESOP could be the win-win solution for your company.

An ESOP is a formal plan that allows employees to purchase shares in the company the work for. Employees think and act like owners because they do actually hold a very real stake in the company. Not only are ESOPs financially beneficial for employees; companies that offer these plans also reap tangible rewards in improved motivation, communication, productivity, and profitability.

Employee Share Ownership Plans is a comprehensive and practical guide to every aspect of designing and implementing ESOPs:

• Explains the various objectives of an ESOP and the types of plans that exist.
• Outlines all the processes that are at the foundation of implementing an ESOP: determining employee eligibility, financing, creating the implementation team, communicating the plan to employees, troubleshooting, and more.
• Covers the more technical aspects of setting up an ESOP, such as business valuation, tax implications, legal requirements, and creating cross-border or international ESOPs.
• Includes hands-on tools such as sample letters, shareholder agreements, and a comprehensive resource guide to ESOP professionals, web sites, and associations.
• Features case studies, checklists, questionnaires, and frequently-asked questions.

ESOPs are becoming an increasingly important component of compensation and incentive packages, particularly in the high-tech sector, knowledge-based industries, and in any company that relies on a highly skilled workforce. They are very flexible and may be used in many types of situations for a variety of purposes. Because of their adaptability, no two ESOPs are the same, and each plan may be designed and custom fit to a particular culture and type of company.

This book will help business owners and managers, as well as their professional advisors, create a competitive advantage for any organization, publicly traded or privately owned.

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