EFES NEWSLETTER - DICIEMBRE 2012
new wave for employee ownership across Europe
A new wave boosting employee share ownership seems growing
from major European countries. Great Britain: Employment
Relations Minister Jo Swinson told that the British Government
will do all in its power’ to extend employee share ownership
substantially within the UK. "We have to eliminate
the barriers which inhibit the installation of employee
share schemes and employee ownership in UK businesses",
she said. "Over the years employee ownership and employee
share ownership have not been nearly as far up government
agendas as they should have been. For the workforce is our
human capital and must be encouraged accordingly",
said Ms Swinson. "Much more employee share ownership
was needed now in large and small companies alike, because
such schemes were an important factor in economic growth"
the minister told to the Employee Share Ownership Center
in London. France: President François Hollande announced
a new legislation for employee share ownership and participation.
Germany: As promised by Minister Philipp Rösler,
the German Ministry of Economics and Technology launched
a new Internet portal for employee ownership. Italy:
Waiting for a new law on participation and employee ownership.
The Parliament appointed the Government at the end of June,
but the white smoke is still awaited in Rome.
We made a selection of 40 remarkable articles in 7 countries
in November 2012: France, Germany, India, Italy, Malaysia,
France: New employee share plan for Vallourec and
for SEB. White Book for individual and employee share ownership.
Following the new French Government's Pact for Growth, employees
will have to be represented on Boards. Some 30 employee
buyouts as workers cooperatives in France annually. Minister
Benoît Hamon will boost employee ownership through workers
cooperatives. President François Hollande announced a new
legislation for employee share ownership and participation.
The German Ministry of Economics and Technology launched
its new Internet portal for employee ownership.
Starbucks breaks tradition, no employee stock options for
staff in India.
Still no law on participation and employee ownership. The
Parliament appointed the Government at the end of June,
but nothing came out. DirCredito takes a position in favour.
Employee share option schemes need governance.
Independent cash-and-carry retailer AG Parfett and Sons
has been an employee-owned business since 2008, having been
family-run previously. The start of a new decade for employee
ownership in private and small and medium-sized companies.
The ESOP Association is proud to announce the launch of
its newly re-designed website: www.esopassociation.org An employee
stock ownership plan (ESOP) provides a company's workers
with an ownership interest in the company. In an ESOP, companies
provide their employees with stock ownership, typically
at no cost to the employees. Shares are given to employees
and are held in the ESOP trust until the employee retires
or leaves the company, or earlier diversification opportunities
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