EUROPEAN LOBBYING

Our efforts are aimed at lobbying the EU Institutions (Council of Ministers, European Commission, European Parliament, European Economic & Social Committee, European Securities and Markets Authority, etc) and the Member States. We act directly or through our European partner organizations and our national organizations.

We are looking for adequate legislations in the EU and for support to our member organizations and companies.
Our major objectives are summarized in the Political Roadmap for Employee Ownership which we first submitted to the French Presidency of the EU in 2008. This was later used as our Manifesto for the 2009 Election of the European Parliament, and by the European Economic & Social Committee for its Own-Initiative Opinion in 2010.

Public documents hereafter reflect our recent lobbying activity, for instance about the EU Corporate Governance Framework, the Single Market Act, the Prospectus Directive, the British consultation on employee share plans, the Shareholders' Rights Directive, etc.

10.06.2015: EFES/DAI Press Release - Employee share ownership: German politics finally needs to act
08.05.2015: EFES Position Paper - Employee Share Ownership for Building the Capital Markets Union
21.04.2015: Answering the European Commission’s Green Paper on the Capital Markets Union, EuropeanIssuers and others
                 published the EU IPO Report: "Rebuilding IPOs in Europe; Creating jobs and growth in European capital markets"

01.10.2014: EFES Press Release: The EFES responds to European Commission Employee Share Ownership Plans

19.09.2014: Letter to President Jean-Claude Juncker
12.02.2013: Italy: Manifesto sulla promozione dell'azionariato dei dipendenti
21.12.2012: La démocratisation de l'actionnariat salarié en France
31.08.2012: British HMRC consultation on employee share schemes: The EFES answer
25.06.2012: France - UK: 2 - 1 The British legislation revealed itself to be much less effective than the French one
15.05.2012: Lettre à Madame Pervenche Berès
30.04.2012: Report of the public hearing in the European Parliament on March 22, 2012
26.04.2012: Letter from Nicolas Sarkozy
20.04.2012: A letter from François Hollande (in French)
23.03.2012: Public hearing in the European Parliament on March 22: All presentations are now available
29.02.2012: In esito alla Consultazione sulle misure integrative e correttive del DLgs 27/1/2010 n. 27
25.01.2012: Public Hearing in the European Parliament - March 22, 2012
19.12.2011: Letter to Commissioner Michel Barnier about the EU corporate governance framework
25.11.2011:
Employee share ownership and corporate governance in the European Union
28.10.2011: Sulla lettera del Governo italiano all'Unione Europea: Partecipazione si, ma quella vera?
25.10.2011: Ekai Center: Participación financiera de los trabajadores en España - ¿Qué hacer?
28.09.2011: El proyecto PARTEM - una estructura de impulso de la participación de los trabajadores en el capital de las empresas en España
23.09.2011: Ekai Center - Acceso de los trabajadores al capital en España

08.07.2011: El próximo 13 de julio Confesal organiza una jornada para abordar la participación financiera de los trabajadores en la UE
16.05.2011: L'exercice des droits de vote de l'actionnariat salarié en France - Questions aux as
semblées 2011
06.04.2011: Milano Finanza: Un mercato unico europeo per l’azionariato dei dipendenti
25.02.2011: Submission to ESMA's consultation concerning the Prospectus Directive (2003/71/EC) as amended by the Directive 2010/73/EU
23.02.2011: Ordonnance de transposition de la Directive Droits des Actionnaires en France

23.02.2011: A European Single Market for Employee Ownership (answering the consultation on the Single Market Act)
18.02.2011: A significant step forward for employee shareholders' rights in France
09.02.2011: Survey about new legislation in Germany
04.02.2011: Presidency of the EU Council 2010 - Report of the conference on employee ownership
13.01.2011: Belgian Presidency of the EU - Pictures of the conference of November 26, 2010
17.12.2010: Welcome amendments to the Prospectus Directive for employee share plans will be in force by July 2011
25.11.2010: Preview - Presentations of the Conference of the Belgian Presidency on November 26
13.11.2010: European Economic and Social Committee - Own-Initiative Opinion SOC 371 on Employee Financial Participation in Europe
30.08.2010: The European Economic and Social Committee prepares a new own-initiative opinion
14.06.2010: Un "cavalier" inconstitutionnel en France - à propos de la transposition de la Directive Droit des Actionnaires
10.06.2010: France - Projet d'Ordonnance sur la Directive droits des actionnaires - Les avis au 7.6.2010
14.05.2010: Commentaires sur les projets de transposition en France de la Directive 2007/36/CE sur les droits des actionnaires
11.05.2010: Commentaires sur les projets de transposition en France de la Directive 2007/36/CE sur les droits des actionnaires
25.03.2010: Exercising employee shareholders' rights in European companies - dedicated website www.employeeshare.eu
28.01.2010: McCreevy Directive in Italy - Conapa vince la battaglia per i piccoli azionisti
05.01.2010: Letter to Commissioner Laszlo Andor - Employment, Social Affairs & Inclusion
05.01.2010: Letter to Commissioner Michel Barnier - Internal Market
05.01.2010: Letter to Commissioner Antonio Tajani - Industry & Entrepreneurship
03.12.2009: New webpage: Exercising employee shareholders' rights

01.12.2009: Pictures of the Conference chaired by Lech Walesa in Warsaw on November 16, 2009
17.11.2009: You can support our information work with a donation
16.11.2009: Employee Share Ownership for Poland and for Europe
12.11.2009: Corriere della Sera 11 Novembre 2009 - Tabacci alla guida dei piccoli azionisti
12.11.2009: Comunicato stampa 11 Novembre 2009 - CONAPA Bruno Tabacci nuovo Presidente, affianca Nesi Presidente onorario
12.11.2009: MF 11 Novembre 2009 - Battaglia per i diritti degli azionisti
12.11.2009: Il Sole 24 Ore 10 Novembre 2009 - Conapa rivedere legge
12.11.2009: MF Dow Jones 10 Novembre 2009 - Conapa - Bruno Tabacci nuovo presidente
02.11.2009: Proxy voting by Internet has been since ten years inexistent in France because of ...
26.10.2009: Effervescence in Italy about Mc Creevy's Directive on shareholders' rights
16.07.2009: Proposta al nuovo Parlamento Europeo 2009
01.07.2009: Proposal to the new European Parliament
15.06.2009: Many reactions to our Manifesto for the 2009 European elections: Michel Barnier
10.06.2009: Many reactions to our Manifesto for the 2009 European elections: Sajjad Karim
05.06.2009: Many reactions to our Manifesto for the 2009 European elections: Aleixo Vilas
05.06.2009: Many reactions to our Manifesto for the 2009 European elections: Astrid Lulling
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Antonio Cancian
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Eva Glawischnig
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Cathy Peattie
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Emilie Turunen
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Margrete Auken
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Bent Gravesen
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Steen Gade
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Renate Weber
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Arpád Gógl
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Elisabeth Delorme
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Sarah Ludford
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Corina Cretu
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Rainer Wieland
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Jonathan Fryer
04.06.2009: Many reactions to our Manifesto for the 2009 European elections: Corrado Farina
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Wolfgang Kreissl-Dörfler
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Tavish Scott
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Michael Cramer
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Joan Walley
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Hélène Flautre
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Erika Mann
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Norbert Glante
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: François Lamy
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Pietro Adami
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Algirdas Butkevicius
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Elaine Morrison
03.06.2009: Many reactions to our Manifesto for the 2009 European elections: Robert Rochefort
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Catherine Stihler
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Véronique De Keyser
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Margriet Hermans
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: George Lyon
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Elisabeth Schroedter
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Dino Cinieri
02.06.2009: Many reactions to our Manifesto for the 2009 European elections: Klaus-Heiner Lehne
01.06.2009: Many reactions to our Manifesto for the 2009 European elections: Nicolas Pélissier-Combescure
01.06.2009: Many reactions to our Manifesto for the 2009 European elections: Eva Selin Lindgren
01.06.2009: Many reactions to our Manifesto for the 2009 European elections: Mike Pringle
31.05.2009: Many reactions to our Manifesto for the 2009 European elections: Stéphane Jacquot
31.05.2009: Many reactions to our Manifesto for the 2009 European elections: Mary Honeyball
31.05.2009: Many reactions to our Manifesto for the 2009 European elections: Lorely Burt
31.05.2009: Many reactions to our Manifesto for the 2009 European elections: Jacques Myard
31.05.2009: Many reactions to our Manifesto for the 2009 European elections: Sylvie Goulard
30.05.2009: Many reactions to our Manifesto for the 2009 European elections: Jan Lindholm
30.05.2009: Many reactions to our Manifesto for the 2009 European elections: Mathieu Grosch
30.05.2009: Many reactions to our Manifesto for the 2009 European elections: Cathy Jamieson
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Gabriele Albertini
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Ramón Jáuregui
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Ian Hudghton
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Frédérique Ries
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Nicolas Dupont-Aignan
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Dirk Sterckx
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: José Daras
29.05.2009: Many reactions to our Manifesto for the 2009 European elections: Harlem Désir
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Bart Staes
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Petras Austrevicius
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Catherine Boursier
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Nicola Tranfaglia
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Janelly Fourtou
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Frieda Brepoels
28.05.2009: Many reactions to our Manifesto for the 2009 European elections: Philippe Juvin
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Edite Estrela
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Juan Antonio Barrio
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Alain Hutchinson
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Nigel Farage
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Struan Stevenson
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Robert Brown
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Iacopo Bojola
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Corinne Lepage
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Massimo Bernacconi
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Pervenche Berès
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Benoît Hamon
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Anne Laperrouze
27.05.2009: Many reactions to our Manifesto for the 2009 European elections: Christopher Harvie
26.05.2009: Many reactions to our Manifesto for the 2009 European elections: Françoise Grossetête
26.05.2009: Many reactions to our Manifesto for the 2009 European elections: Jean-Luc Bennahmias
25.05.2009: Many reactions to our Manifesto for the 2009 European elections: Diana Wallis
23.05.2009: Many reactions to our Manifesto for the 2009 European elections: Kader Arif
21.05.2009: Many reactions to our Manifesto for the 2009 European elections: Giorgio Schultze
18.05.2009: Many reactions to our Manifesto for the 2009 European elections: Patrick Louis
15.05.2009: Many reactions to our Manifesto for the 2009 European elections: Jean Marie Beaupuy
15.05.2009: Many reactions to our Manifesto for the 2009 European elections: Alain Lamassoure
14.05.2009: Many reactions to our Manifesto for the 2009 European elections: Vincent Peillon
13.05.2009: Many reactions to our Manifesto for the 2009 European elections: Henri Weber
13.05.2009: Many reactions to our Manifesto for the 2009 European elections: Jean-Christophe Cambadélis
07.05.2009: Many reactions to our Manifesto for the 2009 European elections: Antonio Di Pietro
07.05.2009: Many reactions to our Manifesto for the 2009 European elections: Niccolo Rinaldi
06.05.2009: Many reactions to our Manifesto for the 2009 European elections: Gianfranco Borghesi
05.05.2009: Many reactions to our Manifesto for the 2009 European elections: Lithuanian Shareholders Association
04.05.2009: Many reactions to our Manifesto for the 2009 European elections: Marielle de Sarnez
30.04.2009: Many reactions to our Manifesto for the 2009 European elections: Jacques-Yves Henckes
30.04.2009: Many reactions to our Manifesto for the 2009 European elections: Anna Paola Concia
29.04.2009: Many reactions to our Manifesto for the 2009 European elections: Nessa Childers
29.04.2009: Many reactions to our Manifesto for the 2009 European elections: Inge Grässle
29.04.2009: Many reactions to our Manifesto for the 2009 European elections: Didier Migaud
28.04.2009: Many reactions to our Manifesto for the 2009 European elections: Jean-François Copé
27.04.2009: Many reactions to our Manifesto for the 2009 European elections: Philippe Gosselin
18.04.2009: Many reactions to our Manifesto for the 2009 European elections: Umberto Guidoni
17.04.2009: Many reactions to our Manifesto for the 2009 European elections: Andreas Schwab
16.04.2009: Many reactions to our Manifesto for the 2009 European elections: Vaclav Exner
16.04.2009: Many reactions to our Manifesto for the 2009 European elections: Christiane Vienne
16.04.2009: Many reactions to our Manifesto for the 2009 European elections: Proinsias De Rossa
16.04.2009: Many reactions to our Manifesto for the 2009 European elections: Michael Cramer
16.04.2009: Programme of the Eighth European Meeting of Employee Ownership - Brussels 18 May 2009
15.04.2009: Many reactions to our Manifesto for the 2009 European elections: Sergio Marques
15.04.2009: Many reactions to our Manifesto for the 2009 European elections: Rebecca Harms
14.04.2009: Many reactions to our Manifesto for the 2009 European elections: Erik Meijer
14.04.2009: Many reactions to our Manifesto for the 2009 European elections: Brigitte Fouré
11.04.2009: Many reactions to our Manifesto for the 2009 European elections: Markus Ferber
09.04.2009: Many reactions to our Manifesto for the 2009 European elections: Joëlle Kapompole
08.04.2009: Many reactions to our Manifesto for the 2009 European elections: Guy Verhofstadt
07.04.2009: Many reactions to our Manifesto for the 2009 European elections: Catherine Trautmann
06.04.2009: Many reactions to our Manifesto for the 2009 European elections: Bernard Lehideux
02.04.2009: Many reactions to our Manifesto for the 2009 European elections: Charles de Courson
31.03.2009: Many reactions to our Manifesto for the 2009 European elections: Didier Reynders, Gérard Deprez
30.03.2009: Many reactions to our Manifesto for the 2009 European elections: Martin Andreasson
29.03.2009: Many reactions to our Manifesto for the 2009 European elections: André Libert
27.03.2009: Many reactions to our Manifesto for the 2009 European elections: Gisella Kallenbach
26.03.2009: Many reactions to our Manifesto for the 2009 European elections: Jean-Paul Gauzès
25.03.2009: Many reactions to our Manifesto for the 2009 European elections: Jan Cremers
24.03.2009: Many reactions to our Manifesto for the 2009 European elections: Monica Frassoni
20.03.2009: Many reactions to our Manifesto for the 2009 European elections: Cristiana Muscardini
19.03.2009: Many reactions to our Manifesto for the 2009 European elections: Heide Rühle
18.03.2009: Many reactions to our Manifesto for the 2009 European elections: Jonathan Djanogly
18.03.2009: Many reactions to our Manifesto for the 2009 European elections: Satu Hassi
18.03.2009: Many reactions to our Manifesto for the 2009 European elections: Patrick Beauvillard
18.03.2009: Many reactions to our Manifesto for the 2009 European elections: Libor Roucek
17.03.2009: Many reactions to our Manifesto for the 2009 European elections: Stefano Chelodi
17.03.2009: Many reactions to our Manifesto for the 2009 European elections: Ieke van den Burg
17.03.2009: Many reactions to our Manifesto for the 2009 European elections: Chris Davies
17.03.2009: Many reactions to our Manifesto for the 2009 European elections: Ulrike Lunacek
06.03.2009: Disegni di Legge nn. 803 e 964 in esame sulla Partecipazione dei Lavoratori - Audizione Comapa/DirCredito/EFES
20.02.2009: Italy - The Italian Senate prepares a new unified legislation about employee ownership
16.01.2009: MANIFESTO FOR THE 2009 EUROPEAN PARLIAMENT ELECTIONS and questions to the candidates
19.12.2008: Complaint to the European Ombudsman
13.11.2008: Panic at the European Commission
29.10.2008: A political roadmap for employee ownership in Europe (in the framework of the French Presidency of the EU)
27.10.2008: Confesal proposes fiscal measures to create employment in employee-owned companies
05.05.2008: EFES Position Paper on Prospectus Directive
05.03.2008: L'azionariato dei dipendenti è il grande assente dal dibattito...
21.11.2007: Picture of European employee share ownership in 2007 - Comparing 14 countries and Austria
12.10.2007: EFES answer to inquiry of the new British All Party Parliamentary Group on Employee Ownership
25.07.2007: Positive answer from Poland
20.06.2007: Doors opening in Slovenia: Letter from Minister of Labour, Family and Social Affairs, June 5, 2007
16.06.2007: Belgium - Participation law of 22 May 2001 was a failure (in Dutch)
24.05.2007: New EFES call to the Governments of the European Union
A recent study funded by the European Commission enlightened the fact that 89% of all 2.000 widest European Groups (29 millions employees) have employee share ownership and 83% have plans to develop it more.
These Groups consider employee share ownership as one of the best ways for aligning employees and shareholders interests, motivating people, improving corporate performances and giving people the chance to share better corporate results.
They are used to offer annual share plans to their employees in all possible countries.
Unfortunately, the main obstacle in development of their common human resources policy is the lack of proper legislation in several Member States. This situation causes discrimination between their employees - people from various countries, and put a brake on their  development and investments abroad.
This is why we would like to trigger discussion about the most effective legislation. Our aim is to encourage all governments to introduce a dedicated legislation, allowing the following employee share plans, as the most used across the world, in the European Union and the United States as well:
   -  Employee Stock Purchase Plan, possibly annual
   -  Discount rate 20%, free of tax and social security, up to 10% of annual gross salary (or 5.000 Euro annually)
   -  Blockage period: 3 years (through deferred stocks, blocked stocks or options with vesting period).

23.01.2007: The UK's Accounting Standard Board announced a major relaxation of the requirements for Share Based Payments for smaller companies (from Pinsent Masons)
17.01.2007: France: the new legislation for employee share ownership - "Loi du 30.12.2006 pour le développement de la participation et de l'actionnariat salarié"
21.12.2006: Question by Mrs Catherine Stihler, MEP, to the European Commission
21.12.2006: Expert report: A European Commission's disaster
11.01.2006: European Commission proposals to make it easier for shareholders to exercise their rights within the EU
17.10.2005: Stock options: The European Commission – DG Enterprise and Industry organised a study on employee stock options, leading to the conclusion in 2003 that: Employee stock options can help to promote entrepreneurship (click to get the full document)    This conclusion was based on a Final report by the Expert Group on Employee Stock Options  and on the DG Enterprise study on Employee Stock Options in the EU and USA
06.10.2005: Las sociedades laborales y los ESOP, ejemplo de participación de los trabajadores
06.10.2005: Puntare sull'azionariato dei dipendenti, di Antonio Spinelli - Dircredito
05.10.2005: France: Report to the French Prime Minister by deputies Cornut-Gentille and Godfrain "une ambition: la participation pour tous"
22.08.2005: The new EU Prospectus Directive and Employee Share Incentives (Pinsent Masons - July 2005)
24.02.2005: Question by Mrs Catherine Stihler, Member of the European Parliament, and answer by the European Commission
17.09.2004: Report of the High Level Experts Group for the European Commission (de Foucauld)
02.07.2004: EFES call to the new European Parliament and Commission
09.06.2004: Bertie Ahern, chairing the EU as Irish Prime Minister, answers to EFES call
03.06.2004: Pat Cox, President of the European Parliament answers to EFES call
01.06.2004: FOR THE NEXT RENEWAL OF THE EUROPEAN PARLIAMENT AND THE EUROPEAN COMMISSION
21.04.2004: Slovene organizations call on for the Government of Slovenia to bring into force the EU legislation on employee share ownership
19.03.2004: letter to all European Governments, for the next renewal of the European Commission
19.09.2003: Final report of the European Commission on the transfer of businesses to third parties or employees
05.09.2003: The European Financial Services Regulation magazine analyses the many legal and political obstacles
---------------- for employee share ownership in Europe. It points the obstacle due to the dual management within
---------------- the European Commission (DG Enterprise on one hand and DG Employment & Social Affairs on the other).
---------------- This could be changed with the installation of the new Commission in 2004.
04.09.2003: In June 5, 2003, the EuropeanParliament adopted its new Resolution on employee financial participation;
----------------- it is here available in: DA / DE / EL / EN / ES / FI / FR / IT / NL / PT / SV

02.09.2003: Letter of Belgian Prime Minister Guy Verhofstadt: Belgium will support the Spanish model of the
----------------- "sociedades laborales" (employee owned companies) (pdf, in 4 languages NL/EN/FR/ES)
09.07.2003: New EFES article on "Tax & law obstacles to employee financial participation schemes in the EU" (PDF)
26.06.2003: EFES Response to the Green Paper on Entrepreneurship in Europe (pdf)
23.06.2003: EFES draft response to the Green Paper on Entrepreneurship in Europe (pdf)
29.01.2003: Brussels, Conference at Parliament's Hall: "Sociedades Laborales: un modèle à suivre pour la Belgique?"
20.01.2003: Programme of the EFES Conference in Ljubljana, March 28-29, 2003
01.01.2003: The European Parliament and the Economic and Social Committee are now working on employee ownership
31.05.2002: Discussion paper: Contribution of employee share ownership to the European Convention (see forum)
18.03.2002: Report of the Conference of the Presidency of the European Union on employee share ownership

 

 

 


 

 

For information and contact
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 share ownership and participation in Europe.