At the glitzy IPSA Awards 2017 Global Shares’ client PM Group won the Award for ‘Best Commitment to Employee Ownership in a Large Firm’.
23 June 2017 – The inaugural Black Tie IPSA Awards & Gala Dinner event took place in Dublin’s Conrad Hotel last night – an event that is now earmarked as the highlight of the employee share plan calendar in Ireland.
Global Shares was delighted to attend the event with our client PM Group, who we had nominated for the Award for ‘Best Commitment to Employee Ownership in a Large Firm’.
PM Group is an Irish headquartered, international project delivery company operating across Europe, the US and Asia with a 44-year track record in project management, process design, facility design and construction management. The company employs 2,200 people across 12 countries, with clients and projects around the world.
PM Group has always been an employee-focused company, but in 2015 the company made the move to become 100% employee-owned, embracing employee ownership as core to their culture in creating long term value for their employee shareholders. PM Group first introduced an employee share plan 17 years ago, with an Approved Profit Sharing Scheme (APSS), later adding a Restricted Stock Plan (RSP) and just recently an Employee Share Ownership Scheme (ESOS).
The move to 100% employee ownership means the company is now able to pursue its strategy independently, in the best interest of the company, shareholders, clients and partners, whilst offering employees a fully engaged and highly motivated workplace.
Pictured above: L-R, Seán Quill, Managing Director Ireland Global Shares; John Sheehan, Group Financial Controller PM Group; Laura Grehan, HR Manager PM Group; Larry Westman, Finance Director PM Group; Aisling Riordan, Marketing Manager Global Shares; Dave Murphy, CEO PM Group; Mark Griffin, Client Relationship Director Global Shares
Marketing Manager at Global Shares, Aisling Riordan, states:
“We are thrilled that PM Group’s employee ownership ethos has been recognised at the 2017 Irish Pro Share Association Awards. They are a company with incredible vision and integrity and they are a shining light for companies across Ireland. From employee engagement to workplace initiatives, giving back to their communities and governance, they are leading the way in the Irish marketplace in terms of their belief in the innumerable benefits of employee ownership. PM Group is highly deserving of this Award and it is a pleasure for Global Shares to work with them as a client”
CEO at PM Group, Dave Murphy, states:
“We are delighted to win this IPSA Award for Commitment to Employee Ownership. We are naturally proud of our people – their expertise, energy, openness and ability to partner with clients is founded on a culture of willingness to go the extra mile. We believe that culture comes from a shared sense of ownership and, through that, having more say in how we do business now and in the future”
The driver behind the IPSA Awards 2017 is the Irish ProShare Association (IPSA) & its CEO, Gill Brennan, who is determined to shine a light on the many benefits of employee share ownership in Ireland. In creating a vision for the inaugural Awards and Ireland’s first ever Employee Share Ownership Day Day, Gill brought her international counterparts onboard as collaborators, working closely with the Global Equity Organization (GEO) from the US and ProShare from the UK, who bring a depth of experience from their home markets where they focus on promoting employee share ownership, acting as the voice of employee share plan practitioners and enhancing a worldwide network of equity compensation professionals.
The IPSA Award Categories and Winners 2017 were:
Best Commitment to Employee Ownership in a large firm – PM Group
Best New Share Plan – Dalata Hotel Group
Best International Share Plan – Global Payments
Most Effective Communication of an Employee Share Plan – Provident Financial Group
Best Commitment to Employee Ownership in a small firm – Each & Other
Best Commitment to Employee Share Ownership in a large firm – Pfizer
Employee Share Plan Champion of the Year – Pat McCann, CEO Dalata Hotel Group
Services to Employee Share Ownership – George Tuthill
Thoughts from the Judges
“As the Irish economy begins to pull itself out of the doldrums and show positive signs of growth, the opportunity to embrace the power of Employee Share Ownership or Employee Financial Involvement (EFI) has never been greater. No longer a mere concept, the success of EFI as practiced in many economies around the world is now backed by consistent overpowering data, and what this data is showing us is something quite simple: EFI works. There is a dramatic, positive impact on business performance when employees become ‘owners’ in the companies where they work. In the UK, employee-owned business have consistently outperformed the growth experienced by FTSE100 companies for many years now. This out-performance is no longer an odd, one-off occurrence and it is driving more and more business to bring employees into the ownership. IPSA is delighted that what we have been so passionate about for so long is now recognized in so many countries as possibly the best economic model for growth, performance and investment return. We are not at all surprised at the rate of adoption of EFI. We believe that the inclusion of employees, as owners, in the decision making process of their company transforms the employee relationship and the business performance as well. Quite simply people care for what they own, and this caring shines through in company performance. We are thrilled to highlight the wonderful achievements and excellent work that many companies across Ireland deliver in pursuit of greater Employee Financial Involvement and we are confident that the IPSA Awards will become a conveted recognition of fresh thinking, career development and exceptional performance”
– Gary Boyle, Judge, and past Chairman of IPSA
For more information please contact:
Global Shares: Aisling Riordan, Marketing Manager | E: email@example.com | T: +353 (0)23 8833 062 | www.globalshares.com