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11 - Employee shareholders’ money: how to reconcile capital with labour?
Best Practices to share ownership of a business with staff members.
In the coming 5 to 10 years, the number of employee shareholders in Europe could increase from 8.2 million to 16 million. And it seems that this upward trend is a global one.
Share ownership reinforces the motivation and involvement of employees within the enterprise by linking them better to group performance and enabling them to share in the creation of value – over and above their salary – with dividends and capital gains on their shares. But while they share the fruits of the company’s success, employee shareholders also share the related risks.
Shared ownership, shared profits, shared risks: it is finally a sharing of responsibility, which presupposes real information sharing. The practice of employee share ownership increases the need for transparency at all levels. It can therefore fully play its unifying role based on the company’s strategy.
Marco CLIENTO - Advisor - European Trade Union Confederation (Italy)
The European Trade Union Confederation gathers 82 organisations from 36 european countries, as well as 12 european industry federations.
Kenneth IVERSEN - CEO - Unimerco (Denmark)
Kenneth IVERSEN first worked in audit and joined the Danish SME Unimerco, specializing in tooling solutions for various industries (automotive, aerospace, etc). He has been appointed CEO in 1978.Unimerco’s main specificity is that it is fully owned by the staff: 97% of the employees are shareholders (52% of the shares are in the employee’s hands, 23% are in the management’s hands, and 25% in Kenneth Iversen’s). Unimerco employs 600 staff from 10 countries. The fast-growing group is about to hire 210 employees by 2010.
Download his PowerPoint presentation: Powerpoint Kenneth IVERSEN
Moderator :
Marc MATHIEU - Secretary General - European Federation of Employee Share Ownership (Belgium)
The European Federation of Employee Share Ownership was created in 1998 and consists of 120,000 companies and 6 million employees today. It brings together employee shareholders, companies and trade unions. After working for 20 years within Banque Bruxelles Lambert, Marc MATTHIEU founded La Boutique de Gestion in Brussels, as well as l’Associatif Financier, both consultancies.
Download his PowerPoint presentation: Powerpoint Marc MATHIEU
