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EFES NEWSLETTER - JUNE 2022
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Corporate
Social Responsibility
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A new
survey in the US found that workers at private
businesses owned by employee stock ownership plans (ESOPs)
place a higher priority on their companies' commitment
to Corporate Social Responsibility than employees at
non-ESOP companies.
The
survey also found that employee-owned companies are
more likely to deliver on those expectations, with workers
in ESOP companies giving their employers higher marks
than their peers at non-ESOP companies for community
investment, volunteering, economic opportunity, and
social justice.
At the same time in Poland, the annual report of the
Responsible Business Forum singles out Ang Group for
its best practices. The Ang Group is the only credit
and insurance intermediary operating on the basis of
employee ownership in Poland.
More
info
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Press
review
We
have a selection of 33 remarkable articles in 8 countries
in May 2022: Canada, France, Germany, Italy, Norway, Poland,
UK, USA.
Canada:
The federal government will amend the Income Tax Act to create
an Employee Ownership Trust (EOT), following similar reforms
in the United States and Britain.
France: Caption is an exchange platform for shares
of SMEs and startups. New employee share plans for Kering,
for Sopra Steria, for EDF, for Société Générale, for L'Oréal.
Employee ownership is progressing with difficulty in SMEs.
A shareholding foundation for the SME Adam. Business transmission
through a workers' coop for Enzo & Rosso Architects.
Germany: The Herend Porcelain Manufactory is still
a good example of employee ownership in Central Europe.
Italy: Italian vision of employee ownership.
Norway: New employee share plan for Haugesund Sparebank.
Poland: Ang Group is an example of a credit and insurance
intermediary operating on the basis of employee ownership.
UK: Every day a new SME is transferred to employees,
as for instance this month: Educ8 Training, Vet Dynamics,
Handy Brand, Lyon Equipment, LHi Group, Chandley Ovens. Why
employee ownership is on the increase in SMEs? Look for the
error: 239 transmissions per year in the form of ESOPs in
the US, 285 in the form of Employee Ownership Trusts in Great
Britain.
USA: Wall Street agrees that employee ownership works.
Employee ownership surging in interest in the architecture
community. Stock Option Plan administration software market
in 2022. New survey: Employee-owned businesses score higher
on Corporate Social Responsibility.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2022/May.htm
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A
political roadmap for employee ownership in Europe
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