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EFES NEWSLETTER - NOVEMBER 2013
Employee
representation on Boards
Employee
representation on Boards is usual in many large European
companies, either in Boards of Directors or in Supervisory
Boards.
Employee shareholders are represented on Boards in 13% of
large French companies (but 29% in terms of employment).
Employee shareholders representation on Boards is thus typical
in French largest companies.
On the other hand, employee representation on Boards is
usual for 36% of employees in large European companies (See
Graph). This is the case for 95% of employees in large companies
in Austria, Germany or Slovenia. In France, it is the case
for 51% of employees in large companies (just over the European
average), while it is only the case for 2.3% in the UK…
and 0% in Italy.
The EFES database of large European companies gathered initially
all information about employee share ownership in the 2.200
largest European companies (25% of all listed companies
in Europe but 94% in terms of employment and 97% in terms
of capitalization). The EFES database is now extended to
corporate governance issues. A detailed publication about
employee representation on Boards will be soon available.
Download
graph
Press
review
We have a selection of 59 remarkable articles in 9 countries
in October 2013: Australia, France, Germany, Italy, Spain,
UK, USA, South Africa, Zimbabwe.
Australia:
Australian Government's review of employee share schemes
coming soon.
France:
France is the European champion regarding employee share
ownership. However political uncertainties are increasingly
threatening. France Telecom: Election of the employee representatives
on Board of Directors. New employee share plan for Air Liquide,
for Sanofi. Controversy about French Government's project
to ease employee buyouts.
Germany:
Employee share ownership for startups.
Italy:
New employee share plan for Prysmian. Pleas for co-determination
on German fashion. DirCredito answering to the consultation
of the European Banking Authority: No variable pay, if not
for all.
Spain: Mondragon flagship cooperative Fagor going
bankrupt.
UK:
Time for a national conversation about German lessons, co-determination
and employees on boards? Next 18 months provide ‘great opportunity’
for employee share ownership, according to the British Private
Equity and Venture Association. Employee share plan for
Royal Mail privatisation: Back to "Popular capitalism"
of the 80s? 99,75% of Royal Mail staff accept the offer.
USA:
October was the Employee Ownership Month in the US.
South
Africa: Employee share ownership plans in the mining
industry were viewed some years ago as a way to spread the
benefits of empowerment to workers…
Zimbabwe:
Workers benefit from the indigenisation programme through
employee share ownership trusts.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2013/October.htm
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A
political roadmap for employee ownership in Europe
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