But for employee voice to flourish, leaders must be willing to loosen their grip. Written down, it sounds simple, but it’s often the hardest part for founders as their business transitions to employee ownership.
“It starts with leaders being willing to let go of some of the power they currently hold,” says Helen. “That takes belief, humility, and a bit of vulnerability, admitting that we don’t have all the answers.”
It also requires putting the right structures in place. “Formal bodies like employee councils or forums help to maximise the opportunity to capture and amplify voice effectively. If you don’t have these in place, especially in smaller businesses, finding other ways to gather, organise, and promote employee voice is vital to success. The structure and mechanisms really matter.”
Rob Haward, Managing Director of Riverford Organic Farmers, knows all too well about letting go. “What’s been wonderful to see at Riverford since we became employee owned in 2018 is a federation of power, leadership, and responsibility from few to many,” he says.
“To do this one key step was to get much more comfortable sharing more information on big decisions, financial performance, team performance, and business challenges more widely with the council and beyond.
“This open information sharing provides the context that enables our council (and co-owners more broadly) to contribute so positively to the decisions we make and the challenges and opportunities we might face. It was a leap to move to being so transparent, but a critical one to harness the power of the council in the business.”
For another perspective on letting go, we spoke to Nick Hall, Managing Director of Go Ape.
"Whilst it’s never easy for the founders of a business to let go, Tris and Becs [founders Rebecca and Tristram Mayhew] were confident that Go Ape's employees with their passion for the business and its values would be the best custodians of Go Ape in its next adventure. Moving to employee ownership was about trust and belief in the people who make Go Ape what it is,” he says.
“Since becoming employee owned, the Board has worked hand-in-hand with the Employee Council and Trustees to make sure everyone has a voice and that’s changed the way we lead Go Ape for the better.
“Being open, honest, and transparent even when it feels uncomfortable, has been a big part of the journey. Sharing vulnerability has helped us build a culture where people feel safe to speak up and take ownership. It’s not just a new structure, it’s a new way of working together.”
For Helen, the best transitions are made by founders who choose EO for the right reasons – such as balancing the distribution of wealth and immediate financial return. “If you’ve chosen EO over other models, you’re likely already in the right mindset to share power more equitably.”
Yet, she says, it’s still remarkable how often people tell her that “nothing has changed” after a transition. “Your whole business has been sold, and yet nothing feels different, you’ve still got the same people and ways of working. But if you’d sold to an unknown buyer, none of that would be guaranteed. So, the foundations for voice are already there, it’s just a matter of taking that next step.”