CODA is now Employee-Owned!
What a moment! Here’s how it looked on the 12th December 2024, when Coda | Marketing for Industry announced that it had officially become Employee Owned.
Coda has always had a strong reputation within the team for looking after people, thanks to the values of our generous-spirited and compassionate founder, Chris Lawrenson. And this decision to become employee owned is arguably the most generous-spirited thing any founder can do in their exit – because it puts the business in the hands of the people who work in it, engages them in it and rewards them for their shared success.
So now, in a new and hugely exciting chapter for Coda, we can now say that we are proudly Employee Owned!
Follow us for more updates, as we embark on our EO journey.
Our CEO, Jen Swain has shared some tips and insights on becoming employee owned:
- Setting the right documentation and data points you’ll measure, helps guide and validate your conversations, plans and decisions.
- It’s crucial to create a Board of people and an environment that promotes trust, transparency and helps ensure any challenges feel easy to bring up and discuss – asking questions or making comments ahead of the meeting (via a shared doc) is a helpful way to build that culture, so people aren’t blindsided by challenges or put on the spot in the meeting.
- It is helpful to think about your Employee Owners and the Trust as an invisible attendee.
- Strike the balance – the Board meeting is formal of course, but you can still keep it aligned to your culture – for us that meant being relatively informal in style and agreeing that we take turns doing the notes, so it doesn’t always fall to one person.
What a moment! Here’s how it looked on the 12th December 2024, when Coda | Marketing for Industry announced that it had officially become Employee Owned.
Coda has always had a strong reputation within the team for looking after people, thanks to the values of our generous-spirited and compassionate founder, Chris Lawrenson. And this decision to become employee owned is arguably the most generous-spirited thing any founder can do in their exit – because it puts the business in the hands of the people who work in it, engages them in it and rewards them for their shared success.
So now, in a new and hugely exciting chapter for Coda, we can now say that we are proudly Employee Owned!
Follow us for more updates, as we embark on our EO journey.
Our CEO, Jen Swain has shared some tips and insights on becoming employee owned:
- Setting the right documentation and data points you’ll measure, helps guide and validate your conversations, plans and decisions.
- It’s crucial to create a Board of people and an environment that promotes trust, transparency and helps ensure any challenges feel easy to bring up and discuss – asking questions or making comments ahead of the meeting (via a shared doc) is a helpful way to build that culture, so people aren’t blindsided by challenges or put on the spot in the meeting.
- It is helpful to think about your Employee Owners and the Trust as an invisible attendee.
- Strike the balance – the Board meeting is formal of course, but you can still keep it aligned to your culture – for us that meant being relatively informal in style and agreeing that we take turns doing the notes, so it doesn’t always fall to one person.
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