2 years ago, I attended a meeting in London with Samuel Hurley and Antonio Wedral where NOVOS officially became an Employee Owned company.
Sam and Antonio had given me the fantastic opportunity to be the Employee Representative on the new Board of Trustees at NOVOS.
Not only was this a great experience in itself to see the inner workings of lawyers offices, but I was able to see first hand what a transfer of a company ownership looked like (lots and lots of legal language)!
My time is now up on the Trust (it rotates), and I'm delighted to be handing over the role to Nine van Strydonck who I know will absolutely thrive in this position ⭐️
Here are the top 5 things I learnt during my experience as the employee representative:
1. I learnt what EBITDA stands for 'Earnings Before Interest Taxes Depreciation and Amortisation (this took a little while) 😅
2. I learnt how to run a People Committee within the company and worked hard to ensure every voice was heard.
3. I learnt to ask 'How does this impact the employees' when important business decisions were being made in Trust meetings.
4. I learnt how to understand the inner workings of a balance sheet, and what to look out for.
5. I attended the Employee Ownership Associations 'Representing and Developing Employee Voice' course where I had to opportunity to hear from other Employee Owned companies and how they run their own People Committees alongside what it means to be the employee representative.
6. I learnt what everybody on the People Committees top 3 ranked cereals, chocolate and crisps were (a great icebreaker). Who knew that Monster Munch would be in so many people's top 3 🤷♀️?
7. Finally, I gained so much more understanding around business decisions and why they were made. Context is everything and this really was incredibly insightful from an employees point of view.
There is so much more I could put in here but it would be a very very long post.
Thank you so much to Sam and Antonio for the opportunity, and to Olivia Royce for helping me navigate the People Committee.
Nine van Strydonck, over to you 💜
#employeeownership #employeetrust #thisisnovos #seoagency
President (retired). at Self Employed
2moNote from Ron Cross- I am not an accountant but have led a few new projects to a successful Stock market listing SEARCH Ron Cross MERV Marine Cross GPS, etc.