Category Archive

Below you'll find a list of all posts that have been categorized as “esop”

Is your ESOP Equipped for Growth?

I’ve yet to meet any business leader who says, “We’re not planning to grow, it’s just not important to our company.” To stay in business there has to be a focus on continually moving the company forward. Of course, CEO’s and the quality of the leadership teams they build, play an absolutely ...

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Executive Search for ESOPs?

I lead the ESOP practice at KeyStone Executive Search.  When I say this to someone I’m meeting for the first time, I’ll often get a puzzled look along with a follow up question; “Really, an executive search firm that specializes in ESOPs?

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ESOP Culture: Unique Leadership Qualities Required (Part 2)

We’re sharing two articles, laying out each of the 5 characteristics we believe are key leadership attributes that can make or break the effectiveness of an ESOP leader. Read Part 1 here.

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ESOP Culture: Unique Leadership Qualities Required (Part 1)

We’re fortunate to have worked with many ESOPs over the years, assisting them in hiring CEOs and other senior level leaders. Through this work we’ve come to appreciate just how unique ESOPs are and how different from other types of ownership structures. 

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ESOP Culture: Can there be too much of a good thing?

The great majority of ESOPs I’ve encountered are pretty special places, employee focused cultures filled with hard working, collaborative and loyal employee-owners. In most cases, these strong cultures result in performance that beats the competition, and creates growth for the benefit of all in ...

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8 Questions to Ask While Preparing Your ESOP for CEO Succession

In the life cycle of a business, there is no moment quite as pivotal as CEO succession. This is a huge moment, an opportunity to continue the company's upward trajectory and to bring new skills to the company. Get it right, and the results can be transformational. But, get it wrong, and your ...

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Egos and ESOPs - Like Oil and Water

During our many years of recruiting senior level talent for employee-owned companies, KeyStone Search has discovered a number of characteristics that a leader must possess to be successful in an ESOP. We've also found a few key things that simply do not work. Perhaps the most significant red ...

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Consistent Communication: An Essential Quality of an ESOP Leader

KeyStone Search has had the incredible opportunity to work with numerous ESOP companies through leadership succession and transitions. Employee owned companies are some of my favorite clients because they really get it when it comes to the importance of cultural fit and alignment. And while ...

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How Your ESOP Board Can Drive Business Success

Just as in other types of companies, the Board of Directors in an employee owned company has both legal and fiduciary obligation to their shareholders (in an ESOP, the employee owners). Clearly, the duty of care (avoid harm to the corporation), duty of loyalty (do not put personal interests ...

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Building the Ideal Profile for Your ESOP’s Next Board Member

Your Board of Directors is an essential piece of your ESOP – and building the right board for your company requires careful thought, strategy and vetting of potential candidates. The right board will position your company for growth and sustainability by providing input on the company’s business ...

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