SHARE OWNERSHIP AND
EMPLOYEE SHARE OWNERSHIP ASKS FOR ITS PLACE IN THE
SOCIAL ECONOMY AND SUSTAINABLE DEVELOPMENT
European employee share ownership wants to be recognized
as a part of the social economy, together with co-operatives,
mutuals, associations and foundations.
The development of employee share ownership is a trend of major importance
in the current world social context.
Employee owners, as neither just employees nor just
shareholders but co-entrepreneurs, are closely related
to workers’ co-operatives. Therefore, EFES (the
European Federation of Employee Share Ownership)
and CECOP (European Confederation of Workers’ Co-operatives,
Social Co-operatives and Participative Enterprises)
are partners: EFES asks for its place within the
social economy, beside CECOP.
In its mission statement,
EFES states "employee share ownership and participation
make a significant contribution to economic and
social progress. They combine excellence in labour
productivity and business performance with a broad,
constructive social contribution". From the
start, employee share ownership highlighted its specificity:
indeed, its primary concern is neither patrimonial,
nor financial, but rather sustainable development
and participation in decision-making in the company.
employee share ownership gives enterprises roots and balance. Together
with other forms of participation, it leads to better
work and more efficiency. "EFES will promote
wide-spread wealth, business excellence and humanity
(in the workplace and in it’s environment) to go
hand in hand."
EFES is therefore an open organisation - gathering,
among its members, several important Trade Unions.
employee share ownership and participation proceed from,
but also contribute to corporate social responsibility
and sustainable development.
Today, being a company's main shareholder requires
but a little percentage of the shareholding. In
other cases 5 or 10 % of the shares must be gained
for employee shareholders to consider themselves
as co-entrepreneurs and access to decision-making.
Whenever the rate reaches over 25 to 30%, it is
almost always a situation of co-enterprise.
employee share ownership is also likely to bring a substantial
contribution to economic and social development
and to employment in Europe. Generally speaking
employee share ownership and participation improves growth,
adding up to 1% to the national product, on an annual
basis. At European scale, this is potentially millions
of new jobs.Europe wide, collective social responsibility
should see employee share ownership as a major element
in the European strategy for employment.
For all those reasons, we feel that employee share ownership
must be integrated as a part of the social economy
and its objectives in terms of sustainable development,
social integration and cohesion.
Marc Mathieu, May 10th, 2002.
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
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