EFES NEWSLETTER - JUNE 2016
Conference on employee ownership policies
The European Conference on European policies for employee
share ownership was held in Brussels on May 19, 2016.
The Conference supports the project of a European Action
Plan to raise awareness about the benefits of employee
ownership and participation in Europe.
The Final Report of the Conference and all materials
are now available for download
of employee share ownership policies in European countries
mass development of employee share ownership brings
better motivation, productivity, profitability, higher
growth, more and better jobs. This is good for all.
But it depends on policy will to initiate the virtuous
circle through appropriate fiscal incentives.
After 2008, some European countries took negative decisions,
removing or decreasing fiscal incentives, which led
to a decline of the number of employee shareholders.
Some other European countries took the opposite way,
applying new or higher incentives, which led to a higher
number of employee shareholders.
All these policy decisions in various European countries,
in a positive or a negative way, can be summarized through
a single dedicated tool.
This is the reason of the setting up of the EFES "Barometer
of employee share ownership policies in European countries".
Before 2009, the barometer showed a continuous increase,
practically all policy decisions being positive. A negative
phase occurred from 2009 to 2013. Since then, most policy
decisions are positive again.
We have a selection of 32 remarkable articles in 12 countries
in May 2016: Canada, Denmark, France, Hungary, Ireland, India,
Italy, Namibia, Philippines, Pakistan, UK, USA.
Canada: Beau’s Brewery is celebrating its tenth birthday
by selling the company to its employees starting next month.
Denmark: Denmark introduces tax relief on employee share
allocations and stock options, similarly to the previous employee
incentive scheme that was abolished in 2011.
France: The benefits of employee share ownership. Workers'
coops in France.
Hungary: Magyar Telekom launches employee share ownership
Ireland: Ireland consults on taxation of employee share
India: Employee stock options in startups.
Italy: Intesa, UniCredit, Telecom Italia, Prysmian are
the few Italian companies having a culture of employee share
Namibia: Standard Bank employees to own 10 percent of
Philippines: Employee ownership can be accomplished
in a variety of ways.
Pakistan: Guidelines for structuring and offering employee
stock option schemes in 2016.
UK: Failing employee-owned companies.
USA: A set of new ESOP companies. Why NCEO founder Corey
Rosen urges you to consider selling your business to an ESOP.
The full press review is available
political roadmap for employee ownership in Europe
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