Michael Hodgson
Loadhog Limited
SPEAKER
Chair of GLIDE, the employee ownership board representing shareholders at Gripple, Loadhog & GoTools.
GLIDE is a unique approach to employee ownership and the organisation proudly representing three manufacturing businesses, headquartered in South Yorkshire and with sites in more than 20 countries around the world - Gripple Ltd, Loadhog Ltd and GoTools.
Employee ownership (EO) means having a stake in the business, and a meaningful say in how it's run. It's a fantastic opportunity to shape the business we want, and be empowered by the challenge and responsibility that brings.
We have a 'direct' model of employee ownership, meaning every single person in our business is required to invest in shares and own their company. This means we all have a vested interest in driving success and improvement across all areas of our business.
The GLIDE board comprises 50 elected representatives, representing over 1,000 members located across our global locations. Our purpose is to:
- Protect and enhance a unique culture of shared ownership, innovation, and manufacturing excellence
- Hold our member businesses to account on key performance principles such as sustainable growth, new product development, people development and community support
- Share the benefits of share dividend income with our members, through a range of social, wellbeing and development opportunities
- Protect the businesses; ensure they always stay in the hands of our employee owners
We are part of a growing sector of employee owned businesses worldwide, and our member businesses are trustee members of the Employee Ownership Association in the UK.
I also currently hold the position of co-chair of the Employee Membership Council, which exists to represent the views of the EOA membership network and support the EOA to deliver an even more compelling membership proposition.
If you're exploring EO as a succession option for your business, you've just started on the journey and are looking for guidance, or you're in a well established EO business and keen to share your experience, please feel free to contact me. We're always happy to share our story and to learn from other EO businesses.