John Lewis Partnership: A Guide to Employee Ownership

Source: John Lewis Partnership
Year: 2010
Company Name: John Lewis Partnership
Number of pages: 8

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Abstract:

John Lewis Partnership is the largest employee-owned company in the UK, but there are many more businesses that are substantially or wholly owned by the people who work for them. These companies are represented by the Employee Ownership Association which promotes the interests of the sector to government and other stakeholders.

Employee-owned businesses (EOBs) take a variety of forms and operate in almost every sector of the economy: from retail to manufacturing, architecture to home care, engineering to advertising. They are united by an ethos that puts people first, involving the workforce in key decision-making and realising the potential and commitment of their employees.

The employee-owned sector is estimated to have a value of £25bn, representing 2% of the UK economy and it is growing. According to research carried out by the Employee Ownership Association, employee-owned companies consistently outperform the FTSE All-Share, with a 9.9% boost to share values.