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EFES NEWSLETTER - FEBRUARY 2023
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Canadian
Employee Ownership Coalition
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Canada
is on its way to introduce the Employee Ownership Trust
formula, as has successfully been done in the UK.
The
Government of Ottawa is committed to this, along with
new incentives for retiring business owners to sell
their companies to their employees.
The
Canadian Employee Ownership Coalition has just been
launched to support this movement, with participants
from multiple backgrounds.
More
info
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Why
HR is a dirty word at Gripple
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Gripple
is an iconic employee-owned business in the UK. Everyone
in the business is a shareholder and it is 100% employee-owned.
That’s
not just about having share options, it means everyone
has a voice.
Twenty
years ago they had around 150 employees. Today, they’ve
got over 1,300 globally.
As
Gripple grew, the focus was very much on developing
people and culture.
This
is why they took the decision to ban HR at Gripple.
More
info
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Press
review
We
have a selection of 34 remarkable articles in 7 countries
in December 2022: Belgium,
France, Morocco, Romania, Slovenia, UK, US.
Belgium:
Belgium sees only advantages in employee share ownership.
France: New employee share plans for Believe, for Renault,
for Alstom. A new workers' cooperative to save Scopelec, the
largest workers' cooperative in France? Bad blow for employee
shareholders at EDF. The Socialist Party wants to make employee
share ownership compulsory in all French companies.
Morocco: Growth of employee share ownership in Morocco.
Romania: Employee share plans are still a rarity in
Romania.
Slovenia: Call for help from Domel, the largest employee-owned
company in Slovenia against the threats of the new government.
UK: Labour Party proposal of a new employee share
ownership schemes bill, which would give low-income workers
preferential access to schemes. Every day a new SME is transferred
to employees. This month, among others, the cases of: Leader
Marketing Partnership, Inspired Cycle Engineering, Creed Communications,
Camargue, YesTax, Bisley, Peter Ambrose, Futureserv, Franklin
Ellis Architects, Bennett Oakley Solicitors, Dent Instrumentation,
Sledge, SWM Partners.
USA: Private Equity is this part of the investment
world that everybody loves to demonize.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2023/January.htm
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A
political roadmap for employee ownership in Europe
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