EFES NEWSLETTER - OCTOBER 2019
share ownership impacts top executives compensation
A research project at the University of Aix-Marseilles
in France highlights the impact of employee share ownership
on the level of compensation of top executives in listed
Employee share ownership affects the organization of
work, policies and management practices, leading ultimately
to an impact on corporate performance.
The results of the study show that employee share ownership
plays a direct and indirect role on the determinants
of executive compensation, with a significant moderating
In addition, the presence of employee shareholders directors
on the Board of Directors tends to limit executive compensation.
More information (in French)
have a selection of 30 remarkable articles in 6 countries
in September 2019: Belgium, Croatia, France, Germany, United
Belgium: More and
more employees in Europe benefit from employee share ownership.
Croatia: The assembly
of Kraš-ESOP - the Employee Stock Ownership Plan at the Kraš
confectioner voted against merger with the Braća
Pivac meat industry group.
France: Eres Group
annual survey. Employee share ownership is increasing in France.
New employee share plans for Elis, for Capgemini, for Spie,
for Veolia, for Voltalia. Employee share ownership in SMEs
in France: Business transmission through a workers cooperative
for Delta Meca in Nantes, while 65% of employees make employee
share ownership successful in Delta Dore in Saint-Malo.
Die Welt, the involvement of employees in their own company
is underdeveloped in Germany - a missed opportunity. The Association
of German Managers, in a position paper for the government-appointed
Pension Commission, supports the idea of extending employee
share ownership in view of closing the looming pension gap.
UK: Some new
firms moving to the Employee Ownership Trust scheme. Why you should worry
about the future of John Lewis.
USA: Numerous new
companies moving to employee ownership through ESOP plans.
New Employee Ownership Center for North Carolina. The employee
stock ownership quiz.
The full press review is available
political roadmap for employee ownership in Europe
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