17 min listen
The ESOP Effect: Empowering Employees and Transforming Businesses with Adanma Akujieze
FromCFO Weekly
The ESOP Effect: Empowering Employees and Transforming Businesses with Adanma Akujieze
FromCFO Weekly
ratings:
Length:
28 minutes
Released:
Jun 6, 2023
Format:
Podcast episode
Description
Welcome to another episode of CFO Weekly with Adanma Akujieze, the esteemed Chief Financial Officer at Larson Design Group. Today, we dive deep into the world of employee stock ownership plans, also known as ESOPs. Adanma unpacks how this unique model transforms employees into business owners, the intricacies of transitioning a business into a 100% ESOP-owned company, and the challenges and opportunities of being an ESOP company.
Adanma is a proven leader and dynamic thinker, guiding Larson Design Group through the financial data needed for drawing meaningful conclusions and making critical business decisions. As a co-administrator of the firm's ESOP, she works to ensure that current and future objectives are well aligned with its obligations towards its valued employees. Adanma is also a Certified Public Accountant, a Certified Information Systems Auditor, and a Certified Internal Auditor.
In this episode, we discuss:
-What is an employee stock ownership plan (ESOP)?
-How does an ESOP empower employees as business owners for a secure retirement?
-How can a business transition to 100% ESOP ownership?
-What are the challenges and opportunities of an ESOP company?
-How can you balance the interests of the ESOP participants with the company's financial goals?
Presented by Personiv
https://insights.personiv.com/cfo-weekly
Adanma is a proven leader and dynamic thinker, guiding Larson Design Group through the financial data needed for drawing meaningful conclusions and making critical business decisions. As a co-administrator of the firm's ESOP, she works to ensure that current and future objectives are well aligned with its obligations towards its valued employees. Adanma is also a Certified Public Accountant, a Certified Information Systems Auditor, and a Certified Internal Auditor.
In this episode, we discuss:
-What is an employee stock ownership plan (ESOP)?
-How does an ESOP empower employees as business owners for a secure retirement?
-How can a business transition to 100% ESOP ownership?
-What are the challenges and opportunities of an ESOP company?
-How can you balance the interests of the ESOP participants with the company's financial goals?
Presented by Personiv
https://insights.personiv.com/cfo-weekly
Released:
Jun 6, 2023
Format:
Podcast episode
Titles in the series (100)
Social Impact Companies w/ Julian Love: These days, it’s more important than ever before for companies to have some form of social impact. We don’t need to look any further than the companies that came out and took a strong stand for the Black Lives Matter movement, or the negative impact on the companies that stayed quiet. Customers are paying attention to what companies are saying and doing, or not saying and doing, and particularly the younger generations are wanting to feel like the companies they’re doing business with are committed to making the world a better place. But how does a company both deliver value to its shareholders and make a positive social impact at the same time? Is that even possible? Or are the two mutually exclusive? On this episode of the CFO Weekly podcast we talk with Julian Love, Chief Business Officer at St. HOPE, an organization whose mission is to transform Oak Park Sacramento through public education & economic development. We talked about: -What a s by CFO Weekly