The employee share ownership industry is well-prepared to face any economic uncertainty thrown up by the Brexit referendum result, a conference has heard.
Speaking at the 2016 annual ProShare Employee Share Plans Conference, Gabbi Stopp, Head of Employee Share Ownership at ProShare, said:
“Employee share ownership is a global industry with a local impact; it is a broad and varied ‘church’ and has the power to a great deal of good for all sorts of companies, their employees and the communities they represent. Responsible, informed employee share ownership, hand-in-hand with financial education is key for good governance and remaining true to these principles will ensure we embrace the new landscape, whatever it may hold.”
To help its members meet these challenges and opportunities, ProShare, the membership body for the industry, has already taken a number of practical steps. A Brexit focus group has been set up and now meets monthly and includes leading professionals from share plan issuers, provers and advisors; while a dedicated website and information hub has also been created.
Held every year, the ProShare conference is the largest of its kind for the employee share ownership industry, attracting delegates and business leaders from FTSE 100 organisations to SMEs and sole traders.
The 2016 conference featured a number of informative break-out discussions and presentations, including a panel debate with HMRC and keynote addresses from Gemma Godfrey, CEO of Moo.la and Paul Dolan, Professor of Behavioural Economics at The London School of Economics.
Gabbi Stopp continued:
“The theme of our conference, ‘British success on the global stage’ is now more pertinent than ever; the terms by which we achieve success have undoubtedly changed as a result of the referendum, but as an industry we remain unwavering in our commitment to increase employee share ownership and creating an environment in which organisations and their employees continue to prosper.”