Discussion on European Commission's Employee Ownership Plan
Executive Director
In October, the European Commission released a pilot project to support the development of employee ownership throughout Europe, Promotion of Employee Ownership and Participation. In additional to legislation, the pilot project suggests forming a virtual employee ownership center, launching an awareness campaign, and a code of conduct.
On January 5, the European Federation of Employee Share Ownership (EFES) released its own report reacting to the provisions in the pilot project and expressing its strong disagreement with the proposed legislation. Although the pilot project's legislation does not include financial incentives, EFES argues that such incentives are essential for the successful growth of broad-based employee ownership in Europe.