Business View Magazine Feb 2023

150 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 2 “We’re also doing a lot of work internationally. Our Employee Ownership Foundation (a non- profit organization founded in 1991, of which Bonham is also the President) was the lead sponsor of the 2022 Oxford Symposium on Employee Ownership,” he recalls. “It’s our mission to continue to grow employee ownership in America and make sure that ESOPs are being operated in an appropriate and sound way.” “ESOP beneficiaries, or employee-owners, hands-down, have so many additional financial resources compared to non-employee-owners,” Bonham points out. “The average employee-owner has substantially more than the average American in their savings. For most ESOP participants, it’s either their second or maybe even their top financial asset when they reach retirement; often it’s worth more than even the equity in their home. So the societal good and the individual employee benefits of an ESOP are just massive.”