EFES NEWSLETTER - DECEMBER 2010
Call from the European Economic and Social Committee
Interest and support for employee ownership have to
be relaunched in Europe. This is the message from the European
Economic and Social Committee, in a new Own-Initiative Opinion.
European Economic and Social Committee (EESC) is the body
that gives representatives of Europe's social partners and
civil society a formal platform to express their points
of views on EU issues. It has a key role to play in the
Union's decision-making process.
2010, the EESC decided to draw up an own-initiative opinion
on Employee Financial Participation. This own-initiative
opinion was voted in the EESC's plenary session on October
The EESC calls for a new European Council Recommendation
concerning the promotion of employee ownership and proposals
to deal with obstacles to cross-border employee share plans.
Furthermore, it calls on the European institutions and governments
for a renewed initiative to support employee ownership and
financial participation, and to promote the idea of a "European
EFP Model" based on the "Building Block Approach". Considering
large companies, each country should firstly made available
"an optional simple, uniform incentive model, with
the same tax arrangements and incentives throughout the
On the other hand, the EESC Opinion adresses the issue of
employee ownership in SMEs as a vehicle for business succession
and stresses the importance of the ESOP model in this context.
One of the focusses are SMEs since "one of the flagships
of the EU 2020 Strategy is to give a strong focus to the
delivery of the Small Business Act, in particular with a
view to improving the financial situations of SMEs. Here
EFP can be one of the mechanisms implemented to support
this goal and thus enhance the competitiveness of European
Overall, the EESC asks for a designated budget line to support
related activities by the EU budget.
EESC Opinion in all EU languages
Conference of the Presidency of the European Union for employee
ownership in Europe
conference of the Belgian Presidency of the EU was held
in Brussels on November 26. With the Rapporteurs of the
European Economic & Social Committee, Alexander Graf
von Schwerin and Madi Sharma, with Minister of Finance Didier
Reynders, and with European Commissioners László Andor and
Michel Barnier. All
presentations of the conference
the support of
political roadmap for employee ownership in Europe
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