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"I only see advantages in employee share ownership" - Companies

“I only see advantages in employee share ownership” – Companies

The CEO of Movify, Louis Cornet, is relying in particular on employee share ownership to boost the growth of his digital consulting company. Employment should increase from 70 to 200 people within five years, he announced on Trends Talk.

Movify will celebrate its tenth anniversary next year. This little thumb grew up quickly. This year, its growth should reach 20% and Louis Cornet, founder and CEO of the company, intends to maintain the pace in the coming years.

Movify’s know-how has attracted big names in the Belgian economy – from Belfius to Telenet via KBC, Proximus or RTBF – who have requested its services to develop and design their digital applications. What do these companies, whose IT service is no more provided than the total workforce of Movify (70 people), come to seek in this SME? “Our customers do not always have all the skills available internally to carry out all the projects they want, says Louis Cornet, guest this weekend on the show Trends Talk on Canal Z. We are on product life cycles which are much shorter than before. I think it’s a win-win collaboration.”

The success of the company, Louis Cornet has chosen to share it with his collaborators by gradually opening up the capital to his staff. “I only see advantages in employee ownership,” he says, emphasizing people’s involvement and their long-term vision.

The other side of the coin could be the obligation to share its power in this way, for example when deciding whether or not to buy other companies. Louis Cornet’s objective is to go from 70 to 200 people within five years, which “more than likely” means a share of external growth. Will its new shareholders follow it? “I would be much more afraid of losing power with an external shareholder who brings another way of thinking, replies the founder of Movify. Here, we are talking about opening up to our colleagues, to people with whom we have worked for several years and Who we’re aligned with in terms of seeing things.”

During the interview broadcast on Canal Z, Louis Cornet also evokes the challenge of recruitment. He points in particular to Finance Minister Vincent Van Peteghem’s (CD&V) copyright reform project, which would exclude developers and application designers from the scope of the law. This will significantly increase the cost of these profiles, which are already rare on the Belgian market.

Finally, Louis Cornet’s cultural advice is “Let my people go surfing”, the book by Yvon Chouinard, the founder of Patagonia. “This is the story of an entrepreneur who is anything but a businessman and who remained above all a lover of climbing and nature, concludes the founder of Movify. He acted in a very atypical way, listening above all his heart, and managed to develop a company that does more than a billion dollars in turnover. It is a very inspiring journey.”

Movify will celebrate its tenth anniversary next year. This little thumb grew up quickly. This year, its growth should reach 20% and Louis Cornet, founder and CEO of the company, intends to maintain the pace in the coming years. Movify’s know-how has attracted big names in the Belgian economy – from Belfius to Telenet via KBC, Proximus or RTBF – who have requested its services to develop and design their digital applications. What do these companies, whose IT service is no more provided than the total workforce of Movify (70 people), come to seek in this SME? “Our customers do not always have all the skills available internally to carry out all the projects they want, says Louis Cornet, guest this weekend on the show Trends Talk on Canal Z. We are on product life cycles which are much shorter than before. I think it’s a win-win collaboration.” The success of the company, Louis Cornet has chosen to share it with his collaborators by gradually opening up the capital to his staff. “I see only advantages in employee ownership,” he says, emphasizing the involvement of people and their long-term vision. The other side of the coin could be the obligation to share power in this way, when, for example, deciding whether or not to take over other companies. Louis Cornet’s objective is to go from 70 to 200 people within five years, which “more than likely” means a share of external growth. Will its new shareholders follow it? “I would be much more afraid of losing power with an external shareholder who brings another way of thinking, replies the founder of Movify. Here, we are talking about opening up to our colleagues, to people with whom we have worked for several years and with whom we are aligned in the way of seeing things.” During the interview broadcast on Canal Z, Louis Cornet also evokes the challenge of recruitment. He points in particular to Finance Minister Vincent Van Peteghem’s (CD&V) copyright reform project, which would exclude developers and application designers from the scope of the law. Enough to significantly increase the cost of these profiles, which are already rare on the Belgian market. Finally, Louis Cornet’s cultural advice is “Let my people go surfing”, the book by Yvon Chouinard, the founder of Patagonia. “This is the story of an entrepreneur who is anything but a businessman and who remained above all a lover of climbing and nature, concludes the founder of Movify. He acted in a very atypical way, listening above all his heart, and managed to develop a company that does more than a billion dollars in turnover. It is a very inspiring journey.”

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