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EFES NEWSLETTER - JANUARY 2013

New support from the European Union in 2013
Both European Commission and Parliament will bring more support for employee ownership in 2013. The European budget was voted by the European Parliament, including a budget heading for a pilot project for the setting up of a Center for Employee Ownership in each Member State, to deliver information, education and promotion of adequate legislation. In addition, the European Commission announced its Action Plan to modernize European company law and corporate governance, including measures on employee share ownership. More details

Press review
We made a selection of 36 remarkable articles in 7 countries in December 2012: Austria, France, Germany, South Africa, Spain, UK, USA.
Austria: Only three percent of Austrians hold shares. Employees hold 14.5% of Voestalpine whose shares outperformed all other European steel companies in 2012.
European Union: The European Commission announced its Action Plan to modernize European company law and corporate governance, including measures on employee share ownership.
France: Research by Amundi on employee shareholders' behavior in 2012. Employee share plans got smaller subscriptions in the financial sector. New employee share plans for Vallourec and for Vinci. Employee share ownership is a major strategic tool. Corporate Social Responsibility gets more attention in corporate strategies and governance. New employee buyouts through workers' cooperatives. Steria: Employees hold 25% of voting rights.
Germany: The German Ministry of Economics and Technology has a new Internet portal for employee ownership.
Spain: The Spanish confederation of employee-owned companies Confesal is preparing the European Pilot Project aiming to set up a Center for Employee Ownership in each Member State of the European Union.
UK: The Government wishes to see a major increase in the number of companies owned at least partly by their employees. The current profile and success of employee ownership is unprecedented. Employee ownership is now being embraced as the most prominent alternative to the over-dominant PLC model.
USA: Employees quietly emerge as new force in buyouts. Employees are using retirement plans to buy their own companies and experts expect more deals in the coming year.

The full press review is available on:
              http://www.efesonline.org/PRESS REVIEW/2012/December.htm 


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   With best regards

 

 
 

Marc Mathieu
Secretary General
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 ownership and participation in Europe.

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