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                             EUROPEAN 
                              LOBBYING 
                             
                              Our 
                                efforts are aimed at lobbying the EU Institutions 
                                (Council of Ministers, European Commission, European 
                                Parliament, European Economic & Social Committee, 
                                European Securities and Markets Authority, etc) 
                                and the Member States. We act directly or through 
                                our European partner organizations and our national 
                                organizations. 
                                 
                                We are looking for adequate legislations in the 
                                EU and for support to our member organizations 
                                and companies.  
                                Our major objectives are summarized in the Political 
                                Roadmap for Employee Ownership which we first 
                                submitted to the French Presidency of the EU in 
                                2008. This was later used as our Manifesto for 
                                the 2009 Election of the European Parliament, 
                                and by the European Economic & Social Committee 
                                for its Own-Initiative Opinion in 2010. 
                                 
                                Public documents hereafter reflect our recent 
                                lobbying activity, for instance about the EU Corporate 
                                Governance Framework, the Single Market Act, the 
                                Prospectus Directive, the British consultation 
                                on employee share plans, the Shareholders' Rights 
                                Directive, etc. 
                             
                            01.01.2019: 
                              European Election Manifesto 
                            
                               
                                 
                                     
                                     
                                     
                                 
                               
                             
                            10.06.2015: 
                              EFES/DAI 
                              Press Release - Employee share ownership: German 
                              politics finally needs to act 
                              08.05.2015: EFES 
                              Position Paper - Employee Share Ownership for Building 
                              the Capital Markets Union 
                              21.04.2015: Answering 
                              the European Commission’s Green Paper on the Capital 
                              Markets Union, EuropeanIssuers and others 
                                               
                              published the EU IPO Report: "Rebuilding 
                              IPOs in Europe; Creating jobs and growth in European 
                              capital markets" 
                              01.10.2014: EFES 
                              Press Release: The EFES responds to European Commission 
                              Employee Share Ownership Plans  
                              19.09.2014:  
                              Letter to President Jean-Claude Juncker 
                              12.02.2013: Italy: 
                              Manifesto sulla promozione dell'azionariato dei 
                              dipendenti 
                               
                              21.12.2012: La 
                              démocratisation de l'actionnariat salarié 
                              en France 
                                
                              31.08.2012: British 
                              HMRC consultation on employee share schemes: The 
                              EFES answer 
                               
                              25.06.2012: France 
                              - UK: 2 - 1 The British legislation revealed itself 
                              to be much less effective than the French one 
                              15.05.2012: Lettre 
                              à Madame Pervenche Berès 
                               
                              30.04.2012: Report 
                              of the public hearing in the European Parliament 
                              on March 22, 2012 
                              26.04.2012: Letter 
                              from Nicolas Sarkozy 
                              20.04.2012: A 
                              letter from François Hollande (in French) 
                               
                              23.03.2012: Public 
                              hearing in the European Parliament on March 22: 
                              All presentations are now available 
                              29.02.2012: In 
                              esito alla Consultazione sulle misure integrative 
                              e correttive del DLgs 27/1/2010 n. 27  
                              25.01.2012: Public 
                              Hearing in the European Parliament - March 22, 2012 
                               
                              19.12.2011: Letter 
                              to Commissioner Michel Barnier about the EU corporate 
                              governance framework 
                              25.11.2011: Employee 
                              share ownership and corporate governance in the 
                              European Union 
                               
                              28.10.2011: Sulla 
                              lettera del Governo italiano all'Unione Europea: 
                              Partecipazione si, ma quella vera? 
                              25.10.2011: Ekai 
                              Center: Participación financiera de los trabajadores 
                              en España - ¿Qué hacer?  
                              28.09.2011: El 
                              proyecto PARTEM - una estructura de impulso de la 
                              participación de los trabajadores en el capital 
                              de las empresas en España 
                              23.09.2011: Ekai 
                              Center - Acceso de los trabajadores al capital en 
                              España 
                              08.07.2011: El 
                              próximo 13 de julio Confesal organiza una 
                              jornada para abordar la participación financiera 
                              de los trabajadores en la UE 
                              16.05.2011: L'exercice 
                              des droits de vote de l'actionnariat salarié 
                              en France - Questions aux assemblées 
                              2011  
                               
                              06.04.2011: Milano 
                              Finanza: Un mercato unico europeo per l’azionariato 
                              dei dipendenti 
                              25.02.2011: Submission 
                              to ESMA's consultation concerning the Prospectus 
                              Directive (2003/71/EC) as amended by the Directive 
                              2010/73/EU 
                              23.02.2011: Ordonnance 
                              de transposition de la Directive Droits des Actionnaires 
                              en France 
                               
                              23.02.2011: A 
                              European Single Market for Employee Ownership (answering 
                              the consultation on the Single Market Act) 
                              18.02.2011: A 
                              significant step forward for employee shareholders' 
                              rights in France 
                              09.02.2011: Survey 
                              about new legislation in Germany 
                              04.02.2011: Presidency 
                              of the EU Council 2010 - Report of the conference 
                              on employee ownership 
                               
                              13.01.2011: Belgian 
                              Presidency of the EU - Pictures of the conference 
                              of November 26, 2010  
                              17.12.2010: Welcome 
                              amendments to the Prospectus Directive for employee 
                              share plans will be in force by July 2011 
                              25.11.2010: Preview 
                              - Presentations of the Conference of the Belgian 
                              Presidency on November 26 
                              13.11.2010: European Economic 
                              and Social Committee - Own-Initiative Opinion SOC 
                              371 on Employee Financial Participation in Europe 
                               
                              30.08.2010: The European Economic 
                              and Social Committee prepares a new own-initiative 
                              opinion 
                               
                               14.06.2010: 
                              Un 
                              "cavalier" inconstitutionnel en France 
                              - à propos de la transposition de la Directive 
                              Droit des Actionnaires 
                              10.06.2010: 
                              France 
                              - Projet d'Ordonnance sur la Directive droits des 
                              actionnaires - Les avis au 7.6.2010 
                              14.05.2010: Commentaires 
                              sur les projets de transposition en France de la 
                              Directive 2007/36/CE sur les droits des actionnaires 
                              11.05.2010: Commentaires 
                              sur les projets de transposition en France de la 
                              Directive 2007/36/CE sur les droits des actionnaires 
                              25.03.2010: Exercising 
                              employee shareholders' rights in European companies 
                              - dedicated website www.employeeshare.eu  
                              28.01.2010: McCreevy 
                              Directive in Italy - Conapa vince la battaglia per 
                              i piccoli azionisti 
                              05.01.2010: Letter 
                              to Commissioner Laszlo Andor - Employment, Social 
                              Affairs & Inclusion 
                              05.01.2010: Letter 
                              to Commissioner Michel Barnier - Internal Market 
                               
                              05.01.2010: Letter 
                              to Commissioner Antonio Tajani - Industry & 
                              Entrepreneurship 
                              03.12.2009: New webpage: 
                              Exercising employee shareholders' rights 
                               
                              01.12.2009: Pictures 
                              of the Conference chaired by Lech Walesa in Warsaw 
                              on November 16, 2009 
                              17.11.2009: You can 
                              support our information work with a donation 
                              16.11.2009: Employee 
                              Share Ownership for Poland and for Europe 
                              12.11.2009: Corriere 
                              della Sera 11 Novembre 2009 - Tabacci alla guida 
                              dei piccoli azionisti 
                              12.11.2009: Comunicato 
                              stampa 11 Novembre 2009 - CONAPA Bruno Tabacci nuovo 
                              Presidente, affianca Nesi Presidente onorario 
                              12.11.2009: MF 
                              11 Novembre 2009 - Battaglia per i diritti degli 
                              azionisti 
                              12.11.2009: Il 
                              Sole 24 Ore 10 Novembre 2009 - Conapa rivedere legge 
                              12.11.2009: MF 
                              Dow Jones 10 Novembre 2009 - Conapa - Bruno Tabacci 
                              nuovo presidente 
                              02.11.2009: Proxy 
                              voting by Internet has been since ten years inexistent 
                              in France because of ... 
                              26.10.2009: Effervescence in 
                              Italy about Mc Creevy's Directive on shareholders' 
                              rights 
                               
                              16.07.2009: Proposta 
                              al nuovo Parlamento Europeo 2009 
                              01.07.2009: Proposal 
                              to the new European Parliament 
                              15.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Michel Barnier 
                              10.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Sajjad Karim 
                               
                              05.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Aleixo Vilas 
                              05.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Astrid Lulling 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Antonio Cancian 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Eva Glawischnig 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Cathy Peattie 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Emilie Turunen 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Margrete Auken 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Bent Gravesen 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Steen Gade 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Renate Weber 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Arpád Gógl 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Elisabeth Delorme 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Sarah Ludford 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Corina Cretu 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Rainer Wieland 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jonathan Fryer 
                              04.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Corrado Farina 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Wolfgang Kreissl-Dörfler 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Tavish Scott 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Michael Cramer 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Joan Walley 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Hélène Flautre 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Erika Mann 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Norbert Glante 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: François Lamy 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Pietro Adami 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Algirdas Butkevicius 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Elaine Morrison 
                              03.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Robert Rochefort 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Catherine Stihler 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Véronique De Keyser 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Margriet Hermans 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: George Lyon 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Elisabeth Schroedter 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Dino Cinieri 
                              02.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Klaus-Heiner Lehne 
                              01.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Nicolas Pélissier-Combescure 
                              01.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Eva Selin Lindgren 
                              01.06.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Mike Pringle 
                              31.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Stéphane Jacquot 
                              31.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Mary Honeyball 
                              31.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Lorely Burt 
                              31.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jacques Myard 
                              31.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Sylvie Goulard 
                              30.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jan Lindholm 
                              30.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Mathieu Grosch 
                              30.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Cathy Jamieson 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Gabriele Albertini 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Ramón Jáuregui 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Ian Hudghton 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Frédérique Ries 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Nicolas Dupont-Aignan 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Dirk Sterckx 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: José Daras 
                              29.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Harlem Désir 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Bart Staes 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Petras Austrevicius 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Catherine Boursier 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Nicola Tranfaglia 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Janelly Fourtou 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Frieda Brepoels 
                              28.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Philippe Juvin 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Edite Estrela 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Juan Antonio Barrio 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Alain Hutchinson 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Nigel Farage 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Struan Stevenson 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Robert Brown 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Iacopo Bojola 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Corinne Lepage 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Massimo Bernacconi 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Pervenche Berès 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Benoît Hamon 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Anne Laperrouze 
                              27.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Christopher Harvie 
                              26.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Françoise Grossetête 
                              26.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jean-Luc Bennahmias 
                              25.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Diana Wallis 
                              23.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Kader Arif 
                              21.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Giorgio Schultze 
                              18.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Patrick Louis 
                                
                              15.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jean Marie Beaupuy 
                              15.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Alain Lamassoure 
                              14.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Vincent Peillon 
                              13.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Henri Weber 
                              13.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jean-Christophe Cambadélis 
                              07.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Antonio Di Pietro 
                              07.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Niccolo Rinaldi 
                              06.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Gianfranco Borghesi 
                              05.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Lithuanian Shareholders Association 
                              04.05.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Marielle de Sarnez 
                              30.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jacques-Yves Henckes 
                              30.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Anna Paola Concia 
                              29.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Nessa Childers 
                              29.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Inge Grässle 
                              29.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Didier Migaud 
                              28.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jean-François Copé 
                              27.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Philippe Gosselin 
                              18.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Umberto Guidoni 
                              17.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Andreas Schwab 
                              16.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Vaclav Exner 
                              16.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Christiane Vienne 
                              16.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Proinsias De Rossa 
                              16.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Michael Cramer 
                              16.04.2009: Programme 
                              of the Eighth European Meeting of Employee Ownership 
                              - Brussels 18 May 2009 
                              15.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Sergio Marques 
                              15.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Rebecca Harms 
                              14.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Erik Meijer 
                              14.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Brigitte Fouré 
                              11.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Markus Ferber 
                              09.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Joëlle Kapompole 
                              08.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Guy Verhofstadt 
                              07.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Catherine Trautmann 
                              06.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Bernard Lehideux 
                              02.04.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Charles de Courson 
                              31.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Didier Reynders, Gérard Deprez 
                              30.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Martin Andreasson 
                              29.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: André Libert 
                              27.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Gisella Kallenbach 
                              26.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jean-Paul Gauzès 
                              25.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jan Cremers 
                              24.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Monica Frassoni  
                              20.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Cristiana Muscardini  
                              19.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Heide Rühle 
                              18.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Jonathan Djanogly 
                              18.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Satu Hassi 
                              18.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Patrick Beauvillard 
                              18.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Libor Roucek 
                              17.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Stefano Chelodi 
                              17.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Ieke van den Burg 
                              17.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Chris Davies 
                              17.03.2009: Many 
                              reactions to our Manifesto for the 2009 European 
                              elections: Ulrike Lunacek 
                              06.03.2009: Disegni 
                              di Legge nn. 803 e 964 in esame sulla Partecipazione 
                              dei Lavoratori - Audizione Comapa/DirCredito/EFES 
                               20.02.2009: Italy 
                              - The Italian Senate prepares a new unified legislation 
                              about employee ownership  
                              16.01.2009: MANIFESTO 
                              FOR THE 2009 EUROPEAN PARLIAMENT ELECTIONS and questions 
                              to the candidates  
                              19.12.2008: Complaint 
                              to the European Ombudsman  
                              13.11.2008: Panic at 
                              the European Commission  
                              29.10.2008: A political 
                              roadmap for employee ownership in Europe (in the 
                              framework of the French Presidency of the EU) 
                               
                              27.10.2008: Confesal 
                              proposes fiscal measures to create employment in 
                              employee-owned companies 
                              05.05.2008: EFES 
                              Position Paper on Prospectus Directive  
                              05.03.2008: L'azionariato 
                              dei dipendenti è il grande assente dal dibattito... 
                               
                              21.11.2007: Picture 
                              of European employee share ownership in 2007 - Comparing 
                              14 countries and Austria  
                              12.10.2007: EFES 
                              answer to inquiry of the new British All Party Parliamentary 
                              Group on Employee Ownership  
                              25.07.2007: Positive 
                              answer from Poland  
                              20.06.2007: Doors 
                              opening in Slovenia: Letter from Minister of Labour, 
                              Family and Social Affairs, June 5, 2007 
                              16.06.2007: Belgium 
                              - Participation law of 22 May 2001 was a failure 
                              (in Dutch)  
                              24.05.2007: New 
                              EFES call to the Governments of the European Union 
                               
                              A recent study funded by the European Commission 
                              enlightened the fact that 89% of all 2.000 widest 
                              European Groups (29 millions employees) have employee 
                              share ownership and 83% have plans to develop it 
                              more.  
                              These Groups consider employee share ownership as 
                              one of the best ways for aligning employees and 
                              shareholders interests, motivating people, improving 
                              corporate performances and giving people the chance 
                              to share better corporate results.  
                              They are used to offer annual share plans to their 
                              employees in all possible countries. 
                              Unfortunately, the main obstacle in development 
                              of their common human resources policy is the lack 
                              of proper legislation in several Member States. 
                              This situation causes discrimination between their 
                              employees - people from various countries, and put 
                              a brake on their  development and investments abroad. 
                              This is why we would like to trigger discussion 
                              about the most effective legislation. Our aim is 
                              to encourage all governments to introduce a dedicated 
                              legislation, allowing the following employee share 
                              plans, as the most used across the world, in the 
                              European Union and the United States as well: 
                                 -  Employee Stock Purchase 
                              Plan, possibly annual 
                                 -  Discount rate 20%, free 
                              of tax and social security, up to 10% of annual 
                              gross salary (or 5.000 Euro annually) 
                                 -  Blockage period: 
                              3 years (through deferred stocks, blocked stocks 
                              or options with vesting period).  
                               
                              23.01.2007: The 
                              UK's Accounting Standard Board announced a major 
                              relaxation of the requirements for Share Based Payments 
                              for smaller companies (from Pinsent Masons) 
                               
                              17.01.2007: France: 
                              the new legislation for employee share ownership 
                              - "Loi du 30.12.2006 pour le développement 
                              de la participation et de l'actionnariat salarié" 
                               
                               
                              21.12.2006: Question 
                              by Mrs Catherine Stihler, MEP, to the European Commission 
                               
                              21.12.2006: Expert 
                              report: A European Commission's disaster  
                               
                              11.01.2006: European 
                              Commission proposals to make it easier for shareholders 
                              to exercise their rights within the EU  
                              17.10.2005: Stock options: The European Commission 
                              – DG Enterprise and Industry organised a study on 
                              employee stock options, leading to the conclusion 
                              in 2003 that: Employee 
                              stock options can help to promote entrepreneurship 
                              (click to get the full document)    This 
                              conclusion was based on a Final report by the Expert Group on Employee Stock Options  and on the DG 
                              Enterprise study on Employee Stock Options in the 
                              EU and USA  
                              06.10.2005: Las 
                              sociedades laborales y los ESOP, ejemplo de participación 
                              de los trabajadores  
                              06.10.2005: Puntare 
                              sull'azionariato dei dipendenti, di Antonio Spinelli 
                              - Dircredito  
                              05.10.2005: France: 
                              Report to the French Prime Minister by deputies 
                              Cornut-Gentille and Godfrain "une ambition: 
                              la participation pour tous"  
                              22.08.2005: The 
                              new EU Prospectus Directive and Employee Share Incentives 
                              (Pinsent Masons - July 2005)  
                              24.02.2005: Question 
                              by Mrs Catherine Stihler, Member of the European 
                              Parliament, and answer by the European Commission 
                               
                              17.09.2004:  Report 
                              of the High Level Experts Group for the European 
                              Commission (de Foucauld)  
                              02.07.2004: EFES 
                              call to the new European Parliament and Commission 
                               
                              09.06.2004: Bertie 
                              Ahern, chairing the EU as Irish Prime Minister, 
                              answers to EFES call  
                              03.06.2004: Pat 
                              Cox, President of the European Parliament answers 
                              to EFES call  
                              01.06.2004: FOR THE NEXT RENEWAL 
                              OF THE EUROPEAN PARLIAMENT AND THE EUROPEAN COMMISSION 
                               
                              21.04.2004: Slovene 
                              organizations call on for the Government of Slovenia 
                              to bring into force the EU legislation on employee 
                              share ownership 
                              19.03.2004: letter 
                              to all European Governments, for the next renewal 
                              of the European Commission  
                              19.09.2003: Final report of the European Commission 
                              on the transfer 
                              of businesses to third parties or employees 
                               
                              05.09.2003:  
                              The European Financial Services Regulation magazine 
                              analyses the many legal and political obstacles 
                              ---------------- 
                              for 
                              employee share ownership in Europe. It points the 
                              obstacle due to the dual management within 
                              ---------------- 
                              the 
                              European Commission (DG Enterprise on one hand and 
                              DG Employment & Social Affairs on the other). 
                              ---------------- 
                               
                              This could be changed with the installation of the 
                              new Commission in 2004.  
                              04.09.2003: In 
                              June 5, 2003, the EuropeanParliament adopted its 
                              new Resolution on employee financial participation; 
                              ----------------- it 
                              is here available in: DA 
                              / DE 
                              / EL 
                              / EN 
                              / ES 
                              / FI 
                              / FR 
                              / IT 
                              / NL 
                              / PT 
                              / SV 
                               
                              02.09.2003: Letter 
                              of Belgian Prime Minister Guy Verhofstadt: Belgium 
                              will support the Spanish model of the 
                              ----------------- "sociedades 
                              laborales" (employee owned companies) (pdf, 
                              in 4 languages NL/EN/FR/ES) 
                              09.07.2003: New EFES article on "Tax 
                              & law obstacles to employee financial participation 
                              schemes in the EU" (PDF) 
                              26.06.2003: EFES 
                              Response to the Green Paper on Entrepreneurship 
                              in Europe (pdf)  
                              23.06.2003: EFES 
                              draft response to the Green Paper on Entrepreneurship 
                              in Europe (pdf)  
                              29.01.2003: Brussels, Conference 
                              at Parliament's Hall: "Sociedades Laborales: 
                              un modèle à suivre pour la Belgique?" 
                              20.01.2003: Programme 
                              of the EFES Conference in Ljubljana, March 28-29, 
                              2003  
                              01.01.2003: The European Parliament 
                              and the Economic and Social Committee are now working 
                              on employee ownership  
                               
                               
                              31.05.2002: Discussion paper: Contribution 
                              of employee share ownership to the European Convention 
                              (see forum)  
                               
                              18.03.2002: Report of 
                              the Conference of the Presidency of the European 
                              Union on employee share ownership  
                               
                            
                              
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                             For 
                              information and contact 
                               EFES - EUROPEAN 
                              FEDERATION OF EMPLOYEE SHARE OWNERSHIP 
                              FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE 
                              Avenue Voltaire 135, B-1030 Brussels 
                              Tel: +32 (0)2 242 64 30  -  Fax: +32 (0)2 791 96 00 
                              E-mail: efes@efesonline.org 
                              Web site: www.efesonline.org 
                              EFES' objective is to act as the umbrella organization 
                              of employee owners, companies and all persons, trade 
                              unions, experts, researchers, institutions looking 
                              to promote employee share ownership and participation 
                              in Europe. 
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