#United States #New York #Ownership Works #Allyson Tucker #Scott Chan

Ownership Works Expands Board for Enhanced Employee Ownership

Ownership Works (O.W.), a nonprofit organization dedicated to fostering broad-based employee ownership, has recently welcomed Allyson Tucker and Scott Chan as new members of its Board of Directors. This strategic move aims to deepen the organization's collaboration with institutional investors, accelerating the momentum of shared ownership in the capital markets.

With their extensive experience in institutional investing and governance, Tucker and Chan are expected to play vital roles in promoting employee ownership as a business strategy that aligns employee engagement with company performance. Their appointments are seen as pivotal, especially as limited partners such as pension funds and asset managers increasingly acknowledge the significance of shared ownership for driving long-term value.

Institutional Investors Lead the Way

Todd Sisitsky, President of TPG, emphasized the importance of asset allocators in the current economic landscape. "Global asset allocators are essential partners to our organizations and portfolio companies, playing a critical role in shaping how long-term value is created across the economy," Sisitsky stated.

Reflecting on their long-standing support for O.W., both Tucker and Chan expressed their excitement about contributing to the mission of broadening employee ownership. Jim Neary, Managing Director and Co-Head of U.S. Private Equity at Warburg Pincus, reaffirmed the impact of employee ownership, stating, "We've seen firsthand that companies are strongest when employees feel connected to the success they help create. Broad-based ownership has the potential to create meaningful impact for employees while also supporting strong outcomes for investors and businesses."

Background of the New Board Members

Allyson Tucker serves as the Chief Executive Officer of the Washington State Investment Board (WSIB), overseeing one of the largest public pension portfolios in the United States. As a seasoned advocate for employee ownership, she has been actively involved in O.W. since its inception, working to enhance awareness among institutional investors. "Employee ownership offers an important opportunity to better align long-term business performance with employee engagement and financial wellbeing," Tucker remarked.

Scott Chan, on the other hand, is the Chief Investment Officer of CalSTRS, the largest educator-only pension fund in the world. His leadership has been crucial in advancing conversations around long-term investing. Chan stated, "Institutional investors increasingly recognize that strong companies depend on engaged workforces, aligned incentives, and sustainable value creation. Ownership Works is helping build a practical and scalable model for expanding ownership to more employees, and I'm honored to join the Board at such an important moment for the movement."

The Role of Ownership Works

Ownership Works collaborates with companies and investors to implement employee ownership programs that allow employees at every level to participate in the value creation process. Since its launch in 2022, O.W. has aided in the development of 184 shared ownership programs, projected to generate an impressive $14 billion in wealth for approximately 268,000 employees outside of executive ranks.

The organization’s initiatives underline the belief that employee ownership significantly enhances corporate performance while simultaneously improving financial outcomes for employees. As stated by John Danhakl, Managing Partner at Leonard Green & Partners, "Investors are instrumental in accelerating employee ownership and helping establish it as a long-term value creation strategy. Allyson and Scott bring deep institutional knowledge and a genuine commitment to this work. We're thrilled to welcome them to the Board as we continue expanding the shared ownership movement to drive business outcomes and wealth-building opportunities for more employees and families."

Conclusion

In summary, with the incorporation of Allyson Tucker and Scott Chan into its Board of Directors, Ownership Works aims to amplify its impact in promoting employee ownership. As the movement continues to gain traction, the combined efforts of engaged institutional investors and the O.W. team are set to cultivate an ecosystem where employees can thrive and contribute meaningfully to their workplaces. The organization’s goal remains clear: to generate $20 billion in wealth for employee-owners by 2030, showcasing the potential of employee ownership at scale. For ongoing updates, you can follow Ownership Works on LinkedIn and YouTube, or subscribe to their newsletter.