When contributing to entrepreneurship, employee
share ownership shows major similarities with
workers' co-operatives, and co-operation is
continuously growing between employee share
ownership and co-operatives. As EFES, we have
a strong co-operation since a long time with
CECOP - the European Confederation of Workers'
Co-operatives and Participative Enterprises.
is why we open now here a page dedicated to
Employee Rights & Employee Buyouts, A Strategy
for Restructuring - Anthony Jensen, Ithaca Consultancy
and The Common Cause Foundation, UK
10.05.2004: New community programme for entrepreneurship
and enterprise competitiveness 2006-2010.The
European Commission organised a consultation.
all documents for this consultation.
here for EFES response. In short:
Employee ownership in the new community programme
for entrepreneurship and enterprise competitiveness
2006-2010. In 1998, it was said that some
10% of American employees held shares of their
enterprise; they are now 23,3%. Some weeks ago,
the Australian Government launched a programme
to double employee share ownership in Australia,
from 5,5% of employees today to 11% in 2009.
Today, performances studies have multiplied
and we can now consider with no doubt that when
it is practiced in good conditions, employee share ownership brings to enterprises a gain of performances
estimated at 2% of supplementary annual growth
on average. On the European Union scale, this
would represent millions of supplementary jobs.
In this way the development of employee share ownership
could be an important factor for the Lisbon
Today, we are far from a European awareness
and a strong mobilisation. Scepticism or indifference
still dominate in many European countries. The
contrast is obvious in comparison with the United
States, Australia and other parts of the world.
A political willingness of the European Union
has still to crystallize.
We recommend that Europe gives itself a voluntary
objective of industrial policy : reach 10 %
of employee share ownership in the whole European
Union in 2010. In this way, a whole combination
of means have to be implemented at the Union
level, in the Member States and in the regions.
We particularly insist on the followings : 1.
The implementation of a community organ (agency
? institute ? committee ?) for the promotion
and the development of employee share ownership. 2.
An adapted legislation must be applied in each
country of the European Union. 3. Enterprise
transfer and salvation of failing enterprises
are situations where employee share ownership has
proved its worth. Employee buyouts schemes should
get particular support.
As a conclusion, the new community programme
2006-2010 for entrepreneurship and enterprise
competitiveness can be the excellent occasion
to crystallize a political willingness of the
European Union for the promotion and development
of employee share ownership.
26.06.2003: Green Book on Entrepreneurship
in Europe: On January 2003, the European Commission has published a Green Paper to stimulate
debate on the future agenda for entrepreneurship.
This is the first time that the Commission has
launched a comprehensive policy initiative to
focus on the entire range of issues that could
stimulate entrepreneurship in Europe.
Entrepreneurship is a crucial element for achieving
the political objectives set at the European
Council Meeting in Lisbon in 2000, where the
European Union committed itself to becoming,
within a decade, the most competitive and dynamic
knowledge-based economy in the world. Entrepreneurship
is a driver for economic growth, competitiveness
and job creation. Furthermore, it can be a vehicle
for personal development and can help resolve
As a European Business Representative Organisation,
EFES took part to the writing of the Green Paper,
and employee share ownership is already mentionned
as a significant element.
The Green Paper aims to stimulate debate amongst
policy makers, businesses, representative organisations,
journalists and experts on how to shape entrepreneurship
policy for the future. It analyses a range of
policy options and asks, within the proposed
framework for entrepreneurship policy, a number
of questions suggesting different options on
how to reach progress.
You can take part to the consultation on this
Green Book, sending your opinion and comments
before June 30, 2003.
You can see the Green Paper and get all information
in 11 European languages on page:
sent its response to the Green Book on 26.06.2003:
here for EFES Response to the Green Paper
11.03.2003: Communication of the European Commission on Innovation
Policy, focusing on "entrepreneurial innovation":
A new Communication on innovation policy, focusing
on "entrepreneurial innovation", was adopted
by the European Commission on March 11, 2003.
Innovation's crucial role in helping to create
conditions in which enterprises can boost Europe's
growth and competitiveness will be discussed
at the March 21 Spring Council of Ministers
You find all information and you can get this Communication on
Communication of the European Commission
on "Industrial Policy in an Enlarged Europe":
The EC adopted a new communication on 11.12.2002,
considering that three key factors of industrial
competitiveness deserve particular attention:
knowledge, innovation and entrepreneurship.
All information is on http://europa.eu.int/comm/enterprise/enterprise_policy/industry/policy.htm
where you can get the communication in 11 languages.
03.07.2003: The Good Practice Guide of the
European Union for the Transfer of Businesses
was published by the European Commission on
July 3, 2003; it is available on: http://europa.eu.int/comm/enterprise/entrepreneurship/support_measures/transfer_business/transfer_brochure.pdf
See also the EC
Transfer of Businesses Homepage