In Canada, this shift by Social Capital Partners, where they espouse …
Our approach to driving large-scale change combines action-based learning, entrepreneurial experience, and collaboration. We test a number of different solutions to see what works and what doesn’t, and engage with partners who have the capacity to scale the most promising ideas. Instead of seeking to own a solution, we develop value propositions that large organizations want to invest in to bring about transformative change.
… at https://www.socialcapitalpartners.ca/our-approach … is significant.
They recently had an article on:
- SCP’s Ownership Agenda: We’re shifting our focus and we’d like to explain why." | October 22, 2020, at https://medium.com/ideas-from-social-capital-partners/scps-ownership-agenda-4c919095de54
The result is a completely separate website, and report that says:
Canada needs more employee ownership
Employee ownership is proven to build a more inclusive and resilient economy. Right now, Canada is missing the policies that make it viable.
The report emphasizes …
The most common form of employee
ownership elsewhere — employee ownership trusts 7 — is missing in Canada.
7 For the purposes of this report “employee ownership trusts” are used to refer to any form of employee ownership that uses a trust structure. US Employee Ownership Trusts and Perpetual Trusts are other examples of trusts used for employee ownership.
So while they recognize …
- Worker co-operatives
- Employee stock option plans
- Employee share purchase plans
… their emphasis is on policy changes towards …
- Employee ownership trusts
… because they’re missing in Canada.