SEVERE  CONDEMNATION
-  HOW  THE  EUROPEAN  PARLIAMENT  WAS  ABUSED

The study entitled "Employee Financial Participation in Companies' Proceeds" was published by the European Parliament in September 2012.

Authors of the study were severely condemned by the Court of Justice of Brussels on 6 June 2014.  The study has to be definitely removed by the European Parliament. Considering the seriousness of the facts, the judgment is immediately enforceable.

Authors of the study are a consortium made of ECORYS Nederland BV and CASE - Center for Social and Economic Research (Poland), represented by Professors Jens Lowitzsch and Iraj Hashi.

A final judgment on 22 December 2014 condemned the authors as "illegitimate users in bad faith".

It appeared from the study that the EFES database was used without authorization. In addition data were handled and used incorrectly, leading to wrong conclusions. All information and figures being given in the study as from the EFES and its database were inaccurate.

All friendly efforts to get repaired being refused (especially the request to publish our rectification), the issue had finally to be decided by a Court of Justice.

 
   
      Main documents on this issue:

  Judgment of 6 June 2014 (free translation)

  Jugement du 6 juin 2014 (original in French)

  EFES' rectification about the study

  EFES' conclusions for the Court (in French)

  Ecorys' conclusions for the Court (in French)

  Case's conclusions for the Court (in French)

  The EFES database and other sources

 

In addition, the study seriously misled the Parliament on two major points:

•   It is very unfortunate and damaging that Professor Jens Lowitzsch in his study attempted to cast doubt, even to deny the well founded and widely shared view that fiscal incentives are indispensable prerequisites for the development of employee share ownership.

•   We demonstrate how biased Lowitzsch chose the cases for his study: He chose very specific cases (basically exceptions) for supporting his statements instead of presenting "typical" cases and putting the employee share ownership experience in large European companies into a worthy place in the analysis, the way how an honest scientific approach should have done.

On the other hand, the study was the base of a Pilot Project organized by the European Commission. But this is another story.

More information:    

   

 

 

 

 

 

 

 

 

 

 

     

                                                            

     


 

 

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.