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EFES NEWSLETTER - JULY 2006
Sixth European Meeting
of Employee Ownership
The Sixth European Meeting of Employee Ownership will be
held in Brussels on December 14-15-16, 2006. The meeting
will announce the rankings of all Europe's widest employee
ownership companies: The European Employee Ownership Top
100 - 2006. Click
here for detailed information.
Top European
companies set up a lobby group
Design and management of multinational share plans are very
difficult and expensive. The management of multinational
schemes is confronted with a huge range of constraints and
changeable national rules for which managers and directors
of schemes are poorly equipped and frequent use of expensive
legal advice is necessary. Many improvements or exemptions
could be achieved, hence lower complexity and costs. The
first meeting of the lobby group allowed participants to
define priorities. Click
here for detailed information.
Press Review
Much
new information about employee ownership in June 2006, with
709 articles in our press review (on which 209 about workers'
co-operatives). We made a selection of 39 articles in 12
countries:
Austria: employee share ownership could be a way
to boost Austrian stock exchange.
Botswana: employee share ownership will take a place
in Air Botswana's privatisation.
Canada: Ski Press is an employee-owned company which
restructures.
France was the hottest place regarding employee ownership
in June. The new legislation was discussed in the Council
of Ministers and it could be voted by the Parliament in
autumn. The annual survey about employee savings enlightens
the progress of employee share ownership. Employee ownership
had to face complex situations in some big companies: Arcelor/Mittal,
Eiffage, Libération. Finally, at the same time as a new
stock options scandal appears in the USA, similar scandals
about stock options and executives compensation appeared
in France (Vinci, Havas, EADS).
Germany: two good articles about Angela Merkel's plans to promote employee
share ownership.
Ireland: Eircom issue goes now to its conclusion.
Eircom's Employee Share Ownership Trust seems to emerge
as the winner, employee ownership raising from 21.5% to
35%. Aer Lingus: privatisation could bring wider place for
employee ownership.
Jamaica: a survey of employee share ownership in listed companies in Jamaica.
Japan: a survey of workers' coops and employee ownership
in Japan.
South Africa: trade unions ask for more employee share ownership within black empowerment
programmes.
South Korea: employee owners submit a bid for Daewoo
United
Kingdom: SAYE – the most popular employee share scheme is in danger. Pertemps'
famous family business goes to an employee share ownership
model, while employee share ownership seems difficult for
Royal Mail.
USA: some examples of employee ownership in companies (Aluminum
Specialties, VGM, Hot Dog on a Stick, Creation Technologies,
Asemtec). On the other hand, new scandals appear about stock
options. Finally, Vermont State has a new legislation favouring
employee-owned companies.
The press review is available
on:
http://www.efesonline.org/PRESS
REVIEW - June 2006.htm
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 Your
company can be a partner of the TOP 100 project and the
Sixth European Meeting of Employee Ownership
International
Survey on Employee Share Ownership and Work Values
EFES NEWS next issue: September 2006
New European report, by Erik Poutsma and others: "Changing
Patterns of Employee Financial Participation in Europe -
A survey among listed firms in Six European Member States"
Click here to download
EFES
needs more members. What about you? You can help EFES and
EFES can help you.
Click here to download EFES membership form
Soon published:
The
European Employee Ownership Top 100
Click here for info
What's
new on EFES website?
EFES
NEWS distribution: 80.000
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