EFES NEWSLETTER - APRIL 2014
and non-listed companies
It was sometimes told, based on the observation of specific
examples, that non-listed employee-owned companies could have
been more resilient than others through the financial crisis.
Employee-owned companies might have fared better. This idea
is even a cornerstone of the British Government's policy to
build a wide "employee-owned business sector" in
the UK. The picture is not the same when based on the systematic
comparison of all large listed companies and
all large non-listed employee-owned companies
in Europe. The graph hereafter illustrates this through the
case of employment in both types of companies from 2006 to
2013. A detailed chapter about this can be found in the European
Survey of Employee Ownership in 2013. More
whole information about employee ownership
and employee share plans, top executives
common employees in European companies,
corporate governance and profit-sharing,
representation on boards and discrimination
employee shareholders' voting rights, and
comparison between listed companies and non-
listed employee-owned companies.
150 pages, 100 tables and graphs. More
We have a selection of 19 remarkable articles in 5 countries
in March 2014: France, Spain, Sri Lanka, UK, USA.
Central role for employee share ownership in Bouygues in case
of a takeover on SFR. New employee share plan for Natixis.
New governance for Peugeot, including both employees' and
employee shareholders' representations on board. Cancela is
a successful workers' cooperative in the building industry.
The crisis of Mondragon, in search for new strategy. Decisive
Lanka: Voting rights of employee share ownership plans
(ESOPs) will have to go to the workers themselves from 2015.
“As the UK government gets ready to introduce tax exemptions
for employee ownership trusts, it is great to see the staff
choosing this model.” The government moves to double the sharesave
monthly savings limit from £250 to £500, but who is likely
to take advantage of the new limits? Worker-owned firms in
Scotland 'more successful', new research has found. The major
role that employee ownership can play in improving productivity
in the public sector.
The ESOP Association expressed disappointment once more over
a provision in the 2015 budget. Worker co-ops: Like ESOPs,
but better. A set of new ESOP companies.
The full press review is available
political roadmap for employee ownership in Europe
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