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EFES NEWSLETTER - JULY 2021
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Meld
Studios - Australia’s first company
to
become Employee-Owned by Trust
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We
have a new ownership structure!
After
a year-long journey of influencing Australian legislation,
we’re excited to officially transition to being Employee-Owned
by Trust.
This is a huge milestone in Meld’s story, and in Australia’s
company ownership story.
What
does Employee Owned by Trust mean?
Technically,
an Employee Owned Trust or EOT is:
A trust established by a company to hold equity
on behalf of its employees, with usually all – or at
least a majority – of the shares being held by the trust.
Practically,
being an EOT means that:
·
Over time we transition shares from our three founders
(owners) to the Meld EOT
· All permanent employees are beneficiaries
of this Trust
· As a beneficiary, every Meldster has
indirect ownership of Meld
· Every Meldster wears two hats: practitioner and business
owner
· Every Meldster has a direct say in the
direction of the company through established engagement
structures
· Every Meldster gets the benefit of equal
profit distribution due to our collective efforts.
All
the story
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Press
review
We
have a selection of 26 remarkable articles in 8 countries in
June 2021: Belgium, Finland, France, Germany, Spain, UK, USA,
Vietnam.
Belgium:
Employees hold 3% of the capital of all large European companies.
Finland:
New Personnel Fund for Admicom Corporation.
France:
Panorama ERES: Employee share ownership in the SBF120 is resisting
the 2020 crisis. New employee share plans for Sanofi, for Rémy
Cointreau, for Ubisoft, for Blablacar.
Germany:
The new legislation for employee share ownership comes into
force on July 1.
Spain:
Fifty years of history of Spanish sociedades laborales
- the memoirs of Jostexo Hernández.
UK:
Every day a new SME is transferred to an Employee Ownership
Trust.
USA:
Blasi & Kruse - Race and Gender Wealth Equity and the Role
of Employee Share Ownership. The ESOP Revolution: Fighting financial
inequality and empowering the working class. New survey: Workers
at employee-owned businesses faced fewer economic hardships.
Vietnam:
Employee share plans for multinationals in Vietnam.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2021/June.htm
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A
political roadmap for employee ownership in Europe
The
EFES needs more members. Download the EFES membership form
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new on the EFES website?
EFES NEWS
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