Strategy Consulting
PWC
Full Credential Description
Richer Sounds faced the challenge of transitioning to an employee ownership trust (EOT) to ensure long-term sustainability and employee engagement. The company sought to maintain its culture while providing a robust incentive structure for its employees. The primary niche issue was the need for a structured exit strategy for controlling shareholders while simultaneously enhancing employee motivation and commitment. To address these challenges, RSM provided tailored support throughout the EOT implementation process. This included legal advice on the transfer of shares, valuation of the company, and structuring the governance of the trust to ensure that original shareholders could not exert control over the trustees. The solution involved transferring a significant portion of the company’s ordinary shares to the EOT, allowing employees to benefit from tax-free bonuses and aligning their interests with the company's growth objectives. As a result of this transition, Richer Sounds not only