Andy Rennison, MD of 3BM, attended the official launch of the Moral DNA Study today, hosted by Field Fisher.
The study was conducted on the Moral DNA of Employee Owned Companies in regards to their ownership, ethics and performance. 3BM were one of the many case studies who took part.
The report details the improved commitment and customer satisfaction and way people behave towards each other in employee owned (EO) companies.
90% of people working in EO companies experience high-performing democratic, visionary, affiliative and coaching leadership styles, compared to only 58% in a comparable cross-sector group. Similarly, only 10% of the EO manager’s experienced poor performance against 42% in the non EO group.
The impact of employee ownership shows that employees commitment to the organisation and the organisations performance was particularly high in EO companies and has the ability to attract new staff.
The full report can be found at: The Moral DNA of Employee Owned Companies