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                    ZPRAVODAJ 4/2017  
                  
                  
                     
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                         Employee 
                          share ownership should be a pivotal part of the Capital 
                          Markets Union, - this is the position  of the German 
                          Share Institute (Deutsches Aktieninstitut 
                          - DAI), responding to the public consultation organized 
                          by the European Commission. The Capital Markets Union 
                          (CMU) is a plan of the European Commission to mobilize 
                          capital in Europe. "Employee share ownership helps 
                          to stabilize the European economy as a whole" tells 
                          the DAI. "Studies from the US clearly show that 
                          companies offering their employees a stake of the business 
                          capital create more jobs than companies that do not 
                          have the same instruments in place. Employee shareholders 
                          accumulate more assets for retirement purposes, get 
                          better wages and are less likely to become unemployed 
                          compared to other employees.  
                           
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                      | As 
                        income of private households currently depends highly 
                        on wages, employee shareowners benefit from raising capital 
                        incomes, which decreases wealth inequality in the society." 
                        More 
                        information 
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                      | Need 
                        for a European Action Plan  | 
                     
                   
                  
                     
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                         In 
                          its response to the public consultation on the Capital 
                          Markets Union, the European Federation of Employee Share 
                          Ownership points out the fact that the EU is strongly 
                          underdeveloped compared to the US considering employee 
                          share ownership, which contributes much more to the 
                          solidity and to the stability of capital markets in 
                          the US than it does in Europe. The underdevelopment 
                          of employee share ownership hampers also Europe in terms 
                          of productivity, growth, job creation, as well as in 
                          the fields of pensions or business transmission, especially 
                          considering SMEs.  
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                      | The 
                        CMU Action Plan should face this through two new measures: 
                        First, a dedicated European Action Plan should be set 
                        up to promote European convergence in this field. Secondly, 
                        the ignorance of the ESOP scheme is a dramatic handicap 
                        for Europe, leading to the fact that employee ownership 
                        in SMEs is practically unknown in Europe compared to the 
                        US. The CMU Action Plan should remedy this. More 
                        information 
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                  Press 
                    review 
                    We have a selection of 29 remarkable articles in 8 countries 
                    in March 2017: Austria, Finland, France, Germany, Italy, Poland, 
                    UK, USA. 
                    Austria: New capital increase for Voestalpine employees. 
                    Europe: Annual Economic Survey of Employee Share Ownership 
                    in European Countries in 2016. French socialist Members of 
                    the European Parilament calling for support for employee share 
                    ownership. 
                    Finland: New employee share plan for Solteq. 
                    France: Big change for Orange: For the first time, 
                    employee shareholders' representatives to be (partly) elected, 
                    - and the employee shareholders association won the election. 
                    New employee share plans for Schneider Electric, for Sopra 
                    Steria, for Total. Employees become majority shareholders 
                    of GA Group. New stories from workers cooperatives. 
                    Germany: Employee share ownership is growing in Europe. 
                    Italy: Employee ownership in European countries. 
                    Poland: Why employee share ownership has to be promoted 
                    in Poland. 
                    UK:  New firm turning to the Employee Ownership 
                    Trust scheme. 
                    USA: Why business owners should consider ESOPs when 
                    exiting their business. 
                   Plný 
                    přehled tiskových zpráv je k dispozici na našich 
                    webových stránkách na: 
                                  
                    http://www.efesonline.org/PRESS 
                    REVIEW/2017/March.htm  
                   
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                    A 
                    political roadmap for employee ownership in Europe 
                     
                      
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