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The Pope and Employee Share Plans

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The Pope and Employee Share Plans

By , August 6, 2009

In his new encyclical, Caritats in Veritate, Pope Benedict states that “alongside profit-oriented private enterprise and the various types of public enterprise, there must be room for commercial entities based on mutualist principles and pursuing social ends to take root and express themselves.” The encyclical nowhere specifically endorses employee ownership, although it does often refer to Pope John Paul II’s 1981 encyclical Laborem Exercens, in which he endorsed such employee-owned enterprises as worker-owned cooperatives as one means of satisfying this mutuality principle.

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.