EFES NEWSLETTER - DECEMBER 2015
share schemes statistics provoke wide debate in the UK
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".
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:
of employee share ownership in European companies
The 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
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
Germany: Urgent call from German industrialists for
a real incentive policy for employee share ownership.
Italy: Questions about the ownership structure of Telecom
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
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.
The full press review is available
political roadmap for employee ownership in Europe
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