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EFES NEWSLETTER - DECEMBER 2013
UK
Employee Ownership Index
The
UK Employee Ownership Index (EOI) has recently been re-launched
and from June 2013, it is calculated by FTSE International.
The index was created to test a hypothesis that businesses
with substantial employee ownership perform well over the
long term. The UK Employee Ownership Index is an index of
UK public companies quoted on the London Stock Exchange.
Strangely, the picture the new EOI brings about performance
is quite different from the former Index... More
Employee
representation on boards in Europe
Employee
representation on boards is highly sophisticated in many
large companies in France, either in Boards of Directors
or in Supervisory Boards. Altogether employee representatives
are present on boards covering 51% of employment in large
French companies. This is through unions or workers councils
for 36% and it is for 29% through employee shareholders
representatives (while both unions or workers councils and
employee shareholders are present in 14% of cases). A detailed
publication about employee representation on boards is now
available… More
Press
review
We have a selection of 50 remarkable articles in 12
countries in November 2013: Canada, China, France, Germany,
India, Ireland, Italy, Morocco, Spain, Poland, UK, USA.
Canada:
Turn Heinz into an employee-owned company.
China:
Enterprises will be allowed to utilize employee stock ownership
to align the interests of investors and employees.
France: The French Government wants to double the
number of workers cooperatives in 5 years. New employee
share plan for Vallourec. Essilor wins the "Grand Prix
2013" of employee share ownership.
Germany:
Skepticism is still prevailing about employee share ownership.
India:
New set of regulations for the employee stock option scheme
(ESOP).
Italy:
Still questions about employee ownership in Banca Popolare
di Milano.
Morocco:
5% of Attijariwafa bank held by employees.
Poland: Employee share ownership for the privatisation
of the National Sugar Company.
Spain:
The collapse of Fagor Electrodomésticos is the most serious
crisis to face Mondragón workers-owned cooperatives for
many years.
UK:
The rise and fall of the company share option plan. Relaunch
of the UK Employee Ownership Index. One year after the government’s
response to The Nuttall Review on employee ownership.
Diversity in business forms as a new argument to promote
employee-owned businesses. What about a new Government
backed "employee ownership bank"? Employee share
ownership has merit. But that does not justify further government
incentives argues The Economist.
USA:
The Joys of Employee Ownership: Video. Can employee-owned
companies reboot the economy? New comments about "The
Citizen's Share" – new book by Joseph Blasi, Richard
Freeman and Douglas Kruse.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2013/November.htm
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A
political roadmap for employee ownership in Europe
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