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                    EFES NEWSLETTER - SEPTEMBER 2020 
                  
                  
                     
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                           The ESOP is the 
                          most iconic employee share plan in the world. It is 
                          so iconic that it is described as "the" Employee 
                          Stock Ownership Plan (which also brought some confusion). 
                        No 
                          other model involves so many employee shareholders (14 
                          million in the USA). It got the attention of the most 
                          famous employee ownership experts and researchers since 
                          it was launched in 1974.  
                        Every 
                          year, these experts meet in San Diego, California, including 
                          many Europeans. It is the topic of most of the research 
                          and academic works about employee share ownership worldwide. 
                        And 
                          it is the most effective and succesfull employee share 
                          scheme for SMEs. 
                        A 
                          full dedicated library features more than 600 resources 
                          designed to help teaching and research  work about employee 
                          share ownership. All information about CLEO Library 
                          can be found here. 
                        How 
                          can we introduce this type of employee share ownership 
                          plan in every European country? A group of European 
                          and American experts explains how in 
                          this publication. 
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                  Press 
                    review 
                    We 
                    have a selection of 19 remarkable articles in 5 countries 
                    in August 2020: Denmark, France, Pakistan, UK, USA. 
                    Denmark: New legislation for employee share ownership 
                    in SMEs planned for 2021. 
                    France: Despite the crisis, employee share ownership 
                    is still a good plan. A case of employee share ownership in 
                    an SME in France: Lucca, New employee share ownership plans 
                    for L'Oréal, for Vinci. New regulations make it easier for 
                    shareholders to take over a business. For the Chinese Huawei, 
                    employee shareholding is of the ESOP type, as in the USA or 
                    the United Kingdom. 
                    Pakistan: Why stock options remain unpopular in Pakistan. 
                    UK: The crisis intensifies for John Lewis. The Covid 
                    will accelerate employee share ownership. Several new companies 
                    under the control of Employee Shareholding Trusts. 
                    USA: Corey Rosen: Employee ownership, the wealth gap, 
                    and the current crisis; . With ESOP plans, employees become 
                    part of the leadership. CLEO Library features more than 600 
                    resources designed to help teaching and research  about employee 
                    share ownership. 
                   
                  The full press review is available 
                    on: 
                                  
                    http://www.efesonline.org/PRESS 
                    REVIEW/2020/August.htm  
                   
                    
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                    A 
                    political roadmap for employee ownership in Europe 
                     
                      
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