Annex Business Media took a major step in its evolution to an employee-driven business. As Phase 1 in the transition to a unique Employee-Management Partnership (EMP), 50% of Annex Business Media shares are now owned by a broad management team. Phase 2 will see the remaining Annex employees more closely integrated with the financial success of the company through an Enhanced Employee Incentive Program (EEIP).Annex has been working with consultants Ernst & Young (EY) for the last 10 months to secure financing and find an option to dedicate up to 50% of after-tax profits to power this significant employee benefit, and will continue to do so in the coming months. The concept is not yet well supported by Canada’s federal government, which has forced a lot of invention, but we nonetheless expect that this second phase will be completed prior to year-end.Annex founders Mike and Sue Fredericks have been instrumental in shaping the new ownership structure, and will serve as co-chairs on the company’s board of directors. Annex Business Media is Canada’s largest B2B media company with 60 media brands serving the country’s business elite through an omni-channel network. Its 160 employees are based in two Ontario offices and across six additional provinces.