The ESOP Effect: Empowering Employees and Transforming Businesses with Adanma Akujieze

Welcome to another episode of CFO Weekly with Adanma Akujieze, the esteemed Chief Financial Officer at Larson Design Group. Today, we dive deep into the world of employee stock ownership plans, also known as ESOPs. Adanma unpacks how this unique model transforms employees into business owners, the intricacies of transitioning a business into a 100% ESOP-owned company, and the challenges and opportunities of being an ESOP company. Adanma is a proven leader and dynamic thinker, guiding Larson Design Group through the financial data needed for drawing meaningful conclusions and making critical business decisions. As a co-administrator of the firm's ESOP, she works to ensure that current and future objectives are well aligned with its obligations towards its valued employees. Adanma is also a Certified Public Accountant, a Certified Information Systems Auditor, and a Certified Internal Auditor. In this episode, we discuss: -What is an employee stock ownership plan (ESOP)? -How does an ESOP empower employees as business owners for a secure retirement? -How can a business transition to 100% ESOP ownership? -What are the challenges and opportunities of an ESOP company? -How can you balance the interests of the ESOP participants with the company's financial goals? Presented by Personiv https://insights.personiv.com/cfo-weekly

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