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EFES NEWSLETTER - JUNE 2018
| Barometer
of employee share ownership policies in European countries
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20 European countries now have policies for the promotion
and the development of employee share ownership, against
18 in 2017 and 15 in 2015. This is driving our barometer
to its all-time high.
Austria, France, Ireland, The Netherlands, Sweden, Denmark,
they all introduced new pieces of incentive legislation
this year. In addition, France - already number one
for employee share ownership in Europe - took the decision
to double its employee share ownership by 2030, which
would put it at the level reached today by the USA.
An important signal for all Europeans. More information
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Download
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US Federal Reserve Bank on employee ownership |
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In an ongoing series of articles on the quality of work,
the Federal Reserve Bank of Boston published a long
article on employee ownership, showing how improved
employee engagement benefits companies, workers, and
local economies.
The
article includes an interview with Douglas Kruse of
Rutgers University that covers the background and latest
research results about employee ownership and ESOPs,
plus an interview with several employee-owners of Cape
Air, including a video about employee ownership at the
company.
More
information
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Press review
We have a selection of 35 remarkable articles in 11 countries
in May 2018: Austria, Canada, Czechia, France, Germany, Hungary,
Italy, Poland, Spain, UK, USA.
Austria: Growing interest for employee share ownership,
particularly through employee ownership foundations.
Canada: As an employee shareholder, how should you manage
your shares and stock options?
France: First employee share plan for L'Oréal. New employee
share plans for Valeo, for Crédit Agricole, for Eiffage, for
Ipsen, for Ubisoft, for SPIE.
Germany: Shareholders facing the "Volkswagen System".
Spain: New employee share plan for Amadeus.
Hungary: The new legislation of 2015 helped to revive
employee share ownership in Hungary.
Italy: New employee shareholders association for Banca
di San Marino.
Poland: Employee share ownership in the era of robotization.
UK: When a business becomes employee-owned, its shareholders
usually sell their shares to an Employee Ownership Trust, which
holds them on behalf of the employees.
USA: Study: In companies with an Employee Stock Ownership
Plan (ESOP), the average worker has accumulated $134,000 in
wealth from his or her stake, according to new research by professors
Joseph Blasi and Douglas Kruse. How risky are incentive stock
options? Federal Reserve Bank of Boston publishes on employee
ownership. A study finds that participants in employee stock
ownership plans fare far better compared to other young workers.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2018/May.htm
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A
political roadmap for employee ownership in Europe
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