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THIS IS THE EFES NEWSLETTER

Employee ownership was strongly growing in European companies during the last decade. 83% of all large companies have employee share plans now, compared to 40% ten years ago and only 10% in 1986.
In most cases, such plans are now designed for all employees rather than just for a small number. Ten million European employees hold shares in their company.
This is much money for employees – over 200 billion Euro, over 20.000 Euro each.
Things are also changing about corporate governance: Employee ownership is now in a strategic, determining or controlling position in over 25% of all largest European companies.

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Typology of employee ownership
Based on empirical and statistical observation, a typology of employee ownership can be identified: Up to 1% employee ownership appears to be insignificant or embryonic, over 1% it is becoming significant, over 6% it is strategic, over 20% it is determining, and over 50% it is controlling. Of course, here is a link with corporate governance issues. It is remarkable that employee ownership appears to be strategic, determining or controlling, not only in small and medium sized enterprises, but even in a high number of the largest European companies. More information

About the EFES
The European Federation of Employee Ownership (EFES) acts as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee ownership and participation in Europe.
With the help of experts, lawyers and economists, the EFES is setting up a European centre for information, meeting, research, training, advice and representation about employee ownership and participation. It also organises many events and meetings in Europe.
The EFES' monthly newsletter and press review are addressed to 200.000 people across Europe and abroad.


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   With best regards

 

 
 

Marc Mathieu
Secretary General
EFES - EUROPEAN FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 808 30 33
E-mail: efes@efesonline.org
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee ownership and participation in Europe.

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