EFES NEWSLETTER - JULY 2007
surveys in France and United Kingdom
France publishes its Sixth Annual Survey on employee
savings plans. In 2007, 84% of Executives and 82% of employees
consider employee share ownership as a good thing for companies
(it was 79% and 80% in 2002). Download
French Survey UK released the results of its annual
SIP (Share Incentive Plan) and SAYE (Save As You Earn) survey
the most common plans, a succesful story. More information
From its start one year ago, Angela Merkel's Government
plans to make up the time Germany had lost regarding employee
share ownership. Both political parties of the big coalition
had their own working groups. Now both proposals are on
the table. Socialist SPD thinks to indirect employee ownership,
free of risk, through a big "German Fund", managing
employees savings and investing in German companies. Christian
Democrat CDU/CSU is more inclined to favour direct employee
share ownership. See more information in press review.
Request to the new Member States of the European Union
EFES requests all new Member States to adopt a legislation
allowing employee share plans based on international standards
(annual employee share purchase plans, 20% discount price
free of tax and social security, up to 5.000 Euro or 10%
annual wage, 3 years blockage). We already got answers from
Slovenia, Estonia, Latvia and the Czech Republic. More information
Strong differences between European companies
In former issues, we underlined the fact that employee share
ownership shows major differences between European companies
in the same sector. Let's see how it is in chemicals and
pharmaceuticals (see column on right side).
new information about employee ownership in June 2007,
with 1.360 articles in this press review (on which 444 involving
stock options and 208 about workers' cooperatives).
We made a selection of 51 remarkable articles in 9 countries:
Australia, Egypt, France, Germany, Italy, Kenya, UK, USA,
Many small businesses are beginning to set up employee share
Germany: Debate about employee share ownership is
at the top since June 25, both political parties of the
big coalition publishing their own proposals.
Egypt: Employee shareholders associations are also
developing in Egypt.
France: Auchan is very proud to be the first foreign
group being allowed to introduce employee share ownership
plans in China. The place and role of employee share ownership
are still in discussion in several major groups like Eiffage
and others. On the other hand, the new legislation of December
2006 has already proved a tremendous success with companies.
Italy: Employee shareholders of Banca Popolare di
Milano blocked the project of a merger with Banca Popolare
Kenya: A number of companies are adopting ways to
ensure that staff interests and those of the shareholders
are aligned through Employee Share Ownership Plans.
UK: Co-operative challenge in Wales and in Scotland.
USA: After Chrysler and the Chicago Tribune in May,
a new big deal in June, Dow Jones could be bought through
an Employee Stock Ownership Plan (ESOP). "Employee
Ownership: Economic Miracle or ESOPs Fable?" articles
and very detailed presentations about ESOPs are multiplying.
South Africa: Here also a rash of new Employee Share
Ownership Schemes (Esops) and ESOP fables linked to black
The press review is available
This is how much an employee holds, in average, in shares
BOC Group 4.667
Rio Tinto 6.283
BHP Billiton 25.824
needs more members. Download
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NEWS distribution: 80.000