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EFES NEWSLETTER - MAY 2022
Private-Equity
giants back employee ownership
Business
transmission to employees has proven itself for a long time
in the USA with the ESOP model. Then with the Employee Ownership
Trust in Great Britain, and now also in Australia, and very
soon in Canada and all over Europe.
So it is practiced, it can be seen, it can be measured, employee
ownership is the opportunity to energize SMEs.
The "Ownership Works" consortium is a coalition
of leading banking groups, pension funds, financial investors
and others. It has just been set up to support this development
in the United States, as the centerpiece of an ESG strategy
for 2030. More information
Press
review
We
have a selection of 32 remarkable articles in 10 countries
in April 2022: Belgium, Canada, Czechia, Finland, France,
Italy, Netherlands, UK, USA, South Africa.
Belgium:
Managers own more shares than employees.
Canada: In its recent budget, the federal government
says it will amend the Income Tax Act to create an Employee
Ownership Trust (EOT), following similar reforms in the United
States and Britain.
Czechia: The new 2021 Census reveals a mixed picture
of European employee share ownership.
Finland: Neste Group's personnel fund placed in secrecy.
France: New employee share plan for Nexans.
Italy: New employee share plans for Korian, for Intesa
Sanpaolo.
Netherlands: According to CNV Union, it is time for
employee share ownership also in The Netherlands.
UK: Every day a new SME is transferred to employees,
as for instance this month: IFSE Group, Broadriver, Educ8
Training, Quod Planning, Melin Tregwynt, Robertson Bell, Protech,
Nixon Design. The Pros & Cons of Employee Ownership Trusts.
USA: Study: Employee-owned businesses fared better
in pandemic. New analysis by Ernst & Young finds
that employee-owners of ESOP companies benefit from far better
retirement savings and job security compared with other U.S.
workers. Private-Equity giants back new nonprofit promoting
employee ownership.
South
Africa: South Africa needs deep engagement on employee
ownership policy framework.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2022/April.htm
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A
political roadmap for employee ownership in Europe
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