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CODA is now Employee-Owned!

In a new and hugely exciting chapter for Coda, we can now say that we are proudly Employee Owned!
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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.

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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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