Delegates at this week’s IoD ESOP Centre conference for SMEs were treated to an impressive mix of politics, philosophy and economics. “Employee ownership is important for UK economic growth” said Department of Business, Innovation and Skills (BIS) Minister, Norman Lamb. He described how engaged economic citizens should be at the heart of responsible capitalism, but highlighted a lack of knowledge as the biggest barrier to promoting employee ownership. Dr Roger Barker, IoD Head of Corporate Governance, confirmed the IoD is committed to raising awareness of employee ownership through events such as the conference, but he pointed to tax changes affecting employee trusts and lack of finance for employee buy outs as additional significant obstacles.
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