Australian Employee Share plan of the year ! - Succession Plus

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Australian Employee Share plan of the year !


Australian Employee Share plan of the year !

By , December 19, 2010

We are very pleased to advise that our client L J Hooker Commercial Central Coast has recently won the award for the ESOP of the year ( under 200 employees ) in the Australian Employee Ownership Association -Employee Share Plan of the year awards.

The business has had a Peak Performance Trust for nearly 4 years and have recently added new key personell to the plan. As highlighted below, as well as rewarding key staff with an equity based incentive the plan also has the following benefits: “The succession plan offers another dimension and long term outlook for key staff that often they never get. The result is truly a WIN / WIN outcome for exiting owners who want the best for the business and to achieve the best sale price for the asset, and for their employees – the people they need to make the results consistently improve.”

In summary, director, Ty Blanche concludes “We have created a more understanding team of people, and added value to the individual’s performance congruently.”

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.