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EFES NEWSLETTER - NOVEMBER 2010
Conference on public policies for employee ownership
in Europe
The
conference will be held in Brussels on November 26. With
the Rapporteurs of the European Economic & Social Committee,
Alexander Graf von Schwerin and Madi Sharma, with European
Commissioners László Andor and Michel Barnier, Pervenche
Berčs from the European Parliament and many other high representatives.
The conference is organized by the EFES for the Belgian
Presidency of the European Union. It is open to all. Still
time to take part !! Practical information
With
the support of
Press review
Much new information about employee ownership in October
2010, with 1.560 articles in this press review (on which
531 involving stock options and 391 about workers' cooperatives).
We made a selection of 49 remarkable articles in 13 countries:
Arab Emirates, Argentina, Canada, France, Germany, India,
Italy, Pakistan, Poland, Spain, UK, USA, South Africa.
Arab
Emirates: The prevalence of long-term incentives is
a concept that is still in its infancy in the UAE.
Argentina:
Worker-recuperated enterprises – the numbers.
Canada:
Business transmission through workers cooperatives.
Germany:
New provider for the management of employee share plans.
Spain:
International conference in the Basque Country: Promoting
business transmission through the ESOP model. Employee-owned
company Foradia celebrates its 30th anniversary.
France:
A workers co-operative in the movies: Women rescuing companies.
France going to miss the transposition of the Shareholders
Directive? New employee share plans for Anovo and AXA. Annual
survey of employee savings.
India:
With the stock market nearing its all-time high, employee
stock option plans, or Esops, are touted as one of the best
tools to create long-term wealth.
Italy:
Successful international conference on employee ownership
in Rome. Workers co-operatives facing the crisis: The numbers.
Pakistan:
More than 500.000 labour and workers will benefit from the
Benazir Employees Stock Option Scheme to make them share
holders in industrial enterprises.
Poland:
New privatisations, 15% being ususally reserved for employee
shares. Report on employee ownership in the EU and the USA,
by the Ministry of Treasury.
UK:
Royal Mail sale plans would make it the UK's largest ever
employee share ownership scheme by a firm being privatised.
Public services moving towards employee buyouts: Private
sector will not be enough to create the efficient operations
required by the coalition government, says an expert in
employee-owned businesses.
USA:
Owners using Employee Stock Ownership Plans (ESOPs) to sell.
How ESOPs work?
South
Africa: Black economic empowerment (BEE) leads to the
emergence of employee share option plans (Esops), which
look good on paper… The Clicks Group announced a broad-based
BEE employee share ownership scheme that will see 10 percent
of the group's shares issued to employees.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2010/October.htm
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