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THIS IS THE EFES NEWSLETTER
Employee
ownership was strongly growing in European companies during
the last decade. 83% of all large companies have employee
share plans now, compared to 40% ten years ago and only
10% in 1986.
In
most cases, such plans are now designed for all employees
rather than just for a small number. Ten million European
employees hold shares in their company.
This
is much money for employees – over 200 billion Euro, over
20.000 Euro each.
Things
are also changing about corporate governance: Employee ownership
is now in a strategic, determining or controlling position
in over 25% of all largest European companies.
Click
to enlarge
Typology of employee ownership
Based on empirical and statistical observation, a typology
of employee ownership can be identified: Up to 1% employee
ownership appears to be insignificant or embryonic, over
1% it is becoming significant, over 6% it is strategic,
over 20% it is determining, and over 50% it is controlling.
Of course, here is a link with corporate governance issues.
It is remarkable that employee ownership appears to be strategic,
determining or controlling, not only in small and medium
sized enterprises, but even in a high number of the largest
European companies. More
information
About the EFES
The
European Federation of Employee Ownership (EFES) acts as
the umbrella organization of employee owners, companies
and all persons, trade unions, experts, researchers, institutions
looking to promote employee ownership and participation
in Europe.
With the help of experts,
lawyers and economists, the EFES is setting up a European
centre for information, meeting, research, training, advice
and representation about employee ownership and participation.
It also organises many events and meetings in Europe.
The
EFES' monthly newsletter and press review are addressed
to 200.000 people across Europe and abroad.
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A
political roadmap for employee ownership in Europe
The
EFES needs more members. Download the EFES membership form
What's
new on the EFES website?
EFES
NEWS distribution: 200.000
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