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EFES NEWSLETTER - OCTOBER 2018
| Employee
share ownership? Which one? |
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How
to make employee share ownership really work? If there
is one thing that absolutely everyone believes in the
UK, it is that employee share ownership is a very good
thing. However, the new proposals due to the Labour
Party provoke violent controversies.
What
really matters is not just the shares but the rights,
obligations and extent of ownership attached to them.
Full rights or imitations? In the Labour Party version,
"employee" ownership would not really be an
ownership scheme: Employees would not be able to buy
or sell the shares that would be notionally theirs...
See more information in Press review
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Press
review
We have a selection of 25 remarkable articles in 6 countries
in September 2018: Canada, France, Hungary, India, UK, USA.
Canada: Ten years of employee share ownership for Harmac
mill, after previous owner went bankrupt.
France: New employee share plan for Vinci, for Michelin,
for Cap Gemini. Free shares for all Alstom employees. Eres
Group's annual study reveals that 2018 will be a great year
for employee share ownership in France.
Hungary: The new legislation of 2015 helps to revive
employee share ownership in Hungary.
India: Attempts by public sector banks to put in place
employee share purchase plans and stock options are quite
recent.
UK: Violent controversies following new proposals from
the Labour Party. Employee-owned John Lewis' profits dive
by 99% as Brexit row erupts. New small companies turning to
the Employee Ownership Trust scheme.
USA: In the last two years, two new bills have made
their way through the legislative chambers with the aim of
encouraging employee ownership in U.S. companies. The new
legislation had co-sponsors on both sides of the political
aisle. It is the most far-reaching employee share ownership
legislation to pass US Congress in over 20 years. Tokens instead
of stock options? New companies sold to employees through
ESOPs.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2018/September.htm
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A
political roadmap for employee ownership in Europe
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