When you engage GeoEngineers in a project, many of the project team members are likely to be owners of our firm. This is because nearly 60 percent of our employees are shareholders. There are no outside interests invested in GeoEngineers. We are entirely employee-owned.
Our commitment to broad internal ownership is reflected in the fact that employees are eligible to invest after their first year of service, regardless of their position. We believe that having a large number of owners throughout our ranks results in staff being more invested in each of their engagements. They view colleagues as partners, and the outcome of our services as having a direct effect on returns.
Our broad-based employee ownership approach means most of us do not view our employment here as just a job. It is our firm. Being an onwer provides staff a unique voice and a powerful sense that we collectively control our own destiny. The approach also has played a critical role in assuring smooth transitions of leadership.
Earlier this month, we held our annual shareholders meeting. The nearly 150 owners in attendence were focused on what more we can do to help our clients and communities overcome growing challenges in these transformational times. Many value-added project innovations were on display. We drew tremendous inpiration from the event and the reminder that we are an essential profession that, at its best, creates opportunity and value for client organizations and society as a whole.
The wise application of earth science and technology expertise is the key ingredient in any successful project at the intersection between the natural and built environments. It is our belief that we, and you, are better served by providing all employees the opportunity to invest in this noble profession.