|
EFES NEWSLETTER - JUNE 2015
| German
politics finally needs to act |
Attention
has to be drawn to the recent call published by the German
Share Institute (Deutsches Aktieninstitut). Whereas
in other European countries like France (3.3 million employee
shareholders) and Great Britain (2.2 million) the numbers
of employee shareholders are counted in millions, in Germany
only 800.000 employees benefit from employee share ownership.
In its call Deutsches Aktieninstitut therefore demands
of the governmental parties to finally create higher tax
incentives and better regulation to promote employee share
ownership. Due to continuing low interest rates Germans
will neither be able to maintain their savings nor obtain
a sufficient amount of money for their retirement arrangements
without more share investment. |
|
| Employee
share ownership is a good way to get a first insight into
saving with shares. However, the number of employee shareholders
is declining in Germany. In fact, it has never been so
small. Fiscal aspects play a major role for the dissemination
of employee share ownership. If Germany really wants to
promote employee share ownership, it needs to adapt its
allowances to common international levels and to increase
it strongly. More
information |
Call
from 10 major German organizations
Ten major
German organizations call for a new German Agenda for employee
share ownership. More
information
Press
review
We have
a selection of 32 remarkable articles in 8 countries in May
2015: China, France, Germany, Italy, South Africa, Spain,
UK, USA.
China: All over China, companies across most sectors
implement management and employee ownership initiatives.
France: Annual surveys about employee share ownership
in France and in Europe: EFES, Eres, Assembly. Employee ownership
buy-out for La Redoute. New employee share plan for Ingenico.
Germany: German politics finally needs to act.
Italy: New plans for Fiat Chrysler do not involve employee
share ownership. New employee share plan for Luxottica.
South Africa: Reversal: Government finally decides
not to reduce incentives for broad-based ownership.
Spain: New employee share plan for Telefonica.
UK: Tullis Russel collapse; the company was Scotland's
largest employee-owned business. Grant Thornton and Laurus
Development to become employee-owned.
USA: ESOP fables: Reviewing the myths and facts about
Employee Stock Ownership Plans. New ESOP bill introduced in
the US House of Representatives to encourage the creation
of ESOPs.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2015/May.htm
|
A
political roadmap for employee ownership in Europe
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