| EFES NEWSLETTER - DEZEMBER 2015
 
                       
                        | Employee 
                          share schemes statistics provoke wide debate in the 
                          UK |  
                       
                        | The 
                          latest published share scheme statistics has sparked 
                          off a major debate over how best to rejuvenate UK employee 
                          share ownership, following the British ESOP Centre (see 
                          press review). "The UK has perhaps the best employee 
                          share plan legislation in the world", but it is 
                          still far from Mrs Thatcher aspiration, 30 years ago, 
                          for a Britain where owning shares would be "as 
                          common as having a car". |  |  
                       
                        | Now 
                          after 30 years of legislation in the UK and in France, 
                          the facts have spoken: Employee share ownership is twice 
                          more significant in France; this is where the employee 
                          share plan legislation was most effective. This is probably 
                          due to the fact that employee share plans in France 
                          are based on (blocked) shares, while they are essentially 
                          based on share options in the UK. As we already mentioned 
                          some time ago, after a spectacular football match: France-UK: 
                          2-1 |  Database 
                      of employee share ownership in European companiesThe next version of the EFES database will be soon available. 
                      It will give new exhaustive picture of employee share ownership 
                      in European listed companies. For the first time, the database 
                      will bring information about the existence (or not) and 
                      stake of a controlling owner in each of all listed company. 
                      The democratization rate of employee share ownership, for 
                      instance, appears to be strongly related to the ownership 
                      control of companies. More 
                      info
 
 Press review
 We have a selection of 30 remarkable articles in 10 countries 
                      in November 2015: Canada, France, Germany, Italy, Morocco, 
                      Netherlands, South Africa, Spain, UK, USA.
 Canada: New government - new threats on fiscal incentives 
                      - arguments about fiscal policies and stock options.
 France: Inspiring proposals for business transmission 
                      to employees in France. New employee share plan for Axa. 
                      Troubles about employee share ownership in Areva and EDF. 
                      Some successful workers' cooperatives.
 Germany: Urgent call from German industrialists for 
                      a real incentive policy for employee share ownership.
 Italy: Questions about the ownership structure of 
                      Telecom Italia.
 Morocco: New employee share plan for BCP Group.
 Netherlands: Neither the Liberal Party nor the Socialist 
                      Party (which govern the Netherlands) still believe in people's 
                      capitalism or to employee share ownership.
 South Africa:  The National Union of Mineworkers 
                      has signed an agreement with Two Rivers mine for an employee 
                      share ownership plan.
 Spain: Much is awaited from the new law on employee-owned 
                      and participative companies.
 UK: The rise and rise of employee-owned companies: 
                      New companies sold to Employee Ownership Trusts.
 USA: The top reasons why craft brewers are turning 
                      to ESOPs. When an ESOP is the right move for a business. 
                      A provocative book wants the USA to adopt the ESOP (Employee 
                      Stock Ownership Plan) as the standard way of doing business.
 Den 
                      vollständigen Presseüberblick erhalten Sie unter:http://www.efesonline.org/PRESS 
                      REVIEW/2015/November.htm
 |  A 
                      political roadmap for employee ownership in Europe 
 
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