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Events

2014/05/26
   EC - Commission response to text adopted in plenary
Documents
2014/01/14
   EP - Results of vote in Parliament
2014/01/14
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 562 votes to 62, with 60 abstentions, a resolution on financial participation of employees in companies’ proceeds.

Parliament recalled that employee financial participation (EFP) schemes can offer employees direct financial benefits above and beyond agreed basic remuneration structures. These schemes mainly take three forms:

profit sharing (cash-based, deferred or in shares), individual employee share ownership (employee shares or stock options), employee stock ownership plans (ESOPs).

For a reconciliation of existing EFP schemes without harmonisation : Parliament recalled that EFP is affected by national taxation rules and it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level. However, barriers to the adoption of EFP should be lifted in the European Union, notably the transnational obstacles facing both companies offering schemes to employees in several Member States, and for employees, for whom double taxation may represent an infringement of the right to freedom of movement.

It emphasised that in some cases it might be useful to bring about the gradual convergence of existing financial participation schemes and the related national legislation so as to enable employers in future to offer schemes in the same or a similar form in all Member States where they have employees.

It called for a strengthening of the information on the financial participation schemes in place especially in SMEs as well as greater transparency in tax matters. Members particularly stressed the need to implement measures preventing double taxation when employees work in various Member States. Guidelines on the taxation of EFP should therefore be presented by the Commission.

Recommendations : Members made a series of recommendations calling on the Commission and on Member States to consider appropriate measures to encourage companies, acting voluntarily, to develop and offer EFP schemes, open to all employees, in association with social partners. They anticipated the results of the Commission’s pilot project on the Promotion of employee ownership and participation.

For a potential opt-in 29th regime : Parliament viewed with interest a potential opt-in 29th regime as an optional single legal framework open to employers throughout the EU , which would respect areas of Member State competence on fiscal and labour law, based on a market-based approach, improved transparency and access to information to facilitate equal implementation in different Member States. This model would be applicable at the national and/or EU level when needed and not being restricted to cross-border companies.

It encouraged the Commission to present an independent impact assessment on such a regime. Following the publication of the independent impact assessment, Members called on the Commission to consider developing a set of basic guidelines for successful EFP schemes encompassing the following elements:

objective-led: companies should determine the objectives of an EFP scheme in order to select the model that is most appropriate for them; flexible in operation and voluntary , operating differently in different sectors, companies of different sizes and types and offering employees a choice about how to benefit from a closer financial relationship with their employer; additional/complementary to contractual remuneration; negotiated by social partners; clear information must be given to employees on the risks and rights attached to opting into an EFP scheme.

Involvement in governance should also be noted with workers enabled to become directly involved in the governance of a company.

In any case, the EFP should not aim to replace the wages of the workers .

Parliament considered that, in order to promote financial participation for the purpose of creating a new form of company financing and enabling employees to be more connected to the company that employs them, employers should be given the opportunity to offer employees share capital subscriptions or specific debt securities (bonds). It took the view that the capital subscriptions should be voluntary for the employees, acting either as individuals or as a group, as well as for the company.

Better employee awareness of the advantages of EFP : lastly, Parliament called on the Commission and the Member States to better organise information campaigns and to encourage the cross-border transferability of best practice schemes among Member States. It encouraged Member States, in cooperation with social partners, employee ownership organisations and the Commission, to use existing single information portals – one stop shops – accessible to employers and employees, or to develop new ones, in order to explain the benefits and advantages as well as risks of EFP, the national incentives available and the different models which exist.

Documents
2014/01/14
   EP - End of procedure in Parliament
2014/01/13
   EP - Debate in Parliament
2013/12/18
   EP - Committee report tabled for plenary, single reading
Details

The Committee on Employment and Social Affairs adopted the own-initiative report by Phil BENNION (ADLE, UK) on financial participation of employees in companies’ proceeds.

The Committee on Economic and Monetary Affairs, exercising the prerogative of an associated committee in line with Rule 50 of the Rules of Procedure , were also consulted to give an opinion on the current report.

The Members recalled that employee financial participation (EFP) schemes can offer employees direct financial benefits above and beyond agreed basic remuneration structures. These schemes mainly take three forms:

profit sharing (cash-based, deferred or in shares), individual employee share ownership (employee shares or stock options), employee stock ownership plans (ESOPs).

For a reconciliation of existing EFP schemes without harmonisation : t he Members recall that EFP is affected by national taxation rules and it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level. However, barriers to the adoption of EFP should be lifted in the European Union, notably the transnational obstacles facing both companies offering schemes to employees in several Member States, and for employees, for whom double taxation may represent an infringement of the right to freedom of movement.

They emphasise that in some cases it might be useful to bring about the gradual convergence of existing financial participation schemes and the related national legislation so as to enable employers in future to offer schemes in the same or a similar form in all Member States where they have employees.

They call for a strengthening of the information on the financial participation schemes in place especially in SMEs as well as greater transparency in tax matters. The Members particularly stress the need to implement measures preventing double taxation when employees work in various Member States. Guidelines on the taxation of EFP should therefore be presented by the Commission.

Recommendations : the Members made a series of recommendations calling on the Commission and on Member States to consider appropriate measures to encourage companies, acting voluntarily, to develop and offer EFP schemes, open to all employees, in association with social partners. They anticipate the results of the Commission’s pilot project on the Promotion of employee ownership and participation.

For a potential opt-in 29th regime : the Members view with interest a potential opt-in 29th regime as an optional single legal framework open to employers throughout the EU , which would respect areas of Member State competence on fiscal and labour law, based on a market-based approach, improved transparency and access to information to facilitate equal implementation in different Member States. This model would be applicable at the national and/or EU level when needed and not being restricted to cross-border companies.

They encourage the Commission to present an independent impact assessment on such a regime. Following the publication of the independent impact assessment, the Members call on the Commission to consider developing a set of basic guidelines for successful EFP schemes encompassing the following elements:

objective-led: companies should determine the objectives of an EFP scheme in order to select the model that is most appropriate for them; flexible in operation and voluntary , operating differently in different sectors, companies of different sizes and types and offering employees a choice about how to benefit from a closer financial relationship with their employer; additional/complementary to contractual remuneration; negotiated by social partners; clear information must be given to employees on the risks and rights attached to opting into an EFP scheme.

Involvement in governance should also be noted with workers enabled to become directly involved in the governance of a company.

In any case, the EFP should not aim to replace the wages of the workers .

Better employee awareness of the advantages of EFP : finally, the Members call on the Commission and the Member States to better organise information campaigns and to encourage the cross-border transferability of best practice schemes among Member States. They encourage Member States, in cooperation with social partners, employee ownership

organisations and the Commission, to use existing single information portals – one stop shops – accessible to employers and employees, or to develop new ones, in order to explain the benefits and advantages as well as risks of EFP, the national incentives available and the different models which exist.

Documents
2013/12/05
   EP - Vote in committee, 1st reading/single reading
2013/11/28
   EP - Committee opinion
Documents
2013/10/14
   EP - Amendments tabled in committee
Documents
2013/08/29
   EP - Committee draft report
Documents
2013/07/04
   EP - Committee referral announced in Parliament, 1st reading/single reading
2013/07/04
   EP - Referral to associated committees announced in Parliament
2013/06/18
   EP - BERTOT Fabrizio (PPE) appointed as rapporteur in ECON
2013/04/17
   EP - BENNION Phil (ALDE) appointed as rapporteur in EMPL

Documents

Votes

A7-0465/2013 - Phil Bennion - § 10

2014/01/14 Outcome: +: 434, -: 254, 0: 3
IT ES DE FR PL HU RO PT EL AT HR SK BG LT MT BE SI IE LU ?? DK CY LV CZ EE FI SE NL GB
Total
65
48
91
61
46
21
26
21
20
18
12
12
16
10
4
21
7
12
6
1
11
5
8
19
6
12
19
24
68
icon: PPE PPE
244

Malta PPE

2

Luxembourg PPE

3

Denmark PPE

For (1)

1
2

Czechia PPE

2

Estonia PPE

For (1)

1
icon: S&D S&D
176

Slovenia S&D

For (1)

1

Ireland S&D

2

Luxembourg S&D

For (1)

1

Cyprus S&D

1

Latvia S&D

1

Estonia S&D

For (1)

1

Finland S&D

2

Netherlands S&D

3
icon: NI NI
27

Italy NI

For (1)

Against (1)

2

Spain NI

1

France NI

2

Romania NI

1

Bulgaria NI

1

Belgium NI

For (1)

1

Ireland NI

For (1)

1

NI

For (1)

1
icon: EFD EFD
28

Greece EFD

2

Slovakia EFD

Abstain (1)

1

Bulgaria EFD

For (1)

1

Lithuania EFD

2

Belgium EFD

For (1)

1

Denmark EFD

Against (1)

1

Finland EFD

Against (1)

1

Netherlands EFD

Against (1)

1
icon: GUE/NGL GUE/NGL
33

Spain GUE/NGL

Against (1)

1
4

Croatia GUE/NGL

Against (1)

1

Ireland GUE/NGL

Against (1)

1

Denmark GUE/NGL

1

Cyprus GUE/NGL

2

Latvia GUE/NGL

Against (1)

1

Sweden GUE/NGL

Against (1)

1

Netherlands GUE/NGL

2

United Kingdom GUE/NGL

Against (1)

1
icon: ECR ECR
52

Italy ECR

Against (1)

2

Hungary ECR

Against (1)

1

Croatia ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Belgium ECR

Against (1)

1

Latvia ECR

Against (1)

1

Netherlands ECR

Against (1)

1
icon: Verts/ALE Verts/ALE
52

Portugal Verts/ALE

Against (1)

1

Greece Verts/ALE

Against (1)

1

Austria Verts/ALE

2
4

Luxembourg Verts/ALE

Against (1)

1

Latvia Verts/ALE

Against (1)

1

Estonia Verts/ALE

Against (1)

1

Finland Verts/ALE

Against (2)

2

Netherlands Verts/ALE

3

United Kingdom Verts/ALE

4
icon: ALDE ALDE
78

Greece ALDE

Against (1)

1

Austria ALDE

Against (1)

1

Slovakia ALDE

Against (1)

1

Lithuania ALDE

Against (1)

1

Slovenia ALDE

Against (2)

2

Luxembourg ALDE

Against (1)

1

Denmark ALDE

3

Latvia ALDE

Against (1)

1
3

A7-0465/2013 - Phil Bennion - Visa 14

2014/01/14 Outcome: +: 571, -: 99, 0: 10
DE IT FR ES RO PL HU AT BE SE BG EL PT FI SK IE NL HR LT DK SI LU EE MT LV ?? CY CZ GB
Total
88
65
60
45
26
44
21
18
20
18
16
20
21
12
12
12
25
11
10
11
7
6
5
5
8
1
5
19
68
icon: PPE PPE
240

Denmark PPE

For (1)

1

Luxembourg PPE

3

Estonia PPE

For (1)

1

Malta PPE

2
2

Czechia PPE

2
icon: S&D S&D
174

Finland S&D

2

Ireland S&D

2

Netherlands S&D

3

Slovenia S&D

For (1)

1

Luxembourg S&D

For (1)

1

Estonia S&D

For (1)

1

Latvia S&D

1

Cyprus S&D

1
icon: ALDE ALDE
78

Austria ALDE

1

Greece ALDE

1

Slovakia ALDE

For (1)

1

Lithuania ALDE

1
3

Slovenia ALDE

2

Luxembourg ALDE

For (1)

1

Latvia ALDE

For (1)

1
icon: Verts/ALE Verts/ALE
49

Austria Verts/ALE

2

Belgium Verts/ALE

Abstain (1)

4

Greece Verts/ALE

1

Portugal Verts/ALE

For (1)

1

Finland Verts/ALE

2

Netherlands Verts/ALE

3

Luxembourg Verts/ALE

For (1)

1

Latvia Verts/ALE

1

United Kingdom Verts/ALE

4
icon: NI NI
27

Italy NI

2

France NI

2

Spain NI

1

Romania NI

1

Belgium NI

For (1)

1

Bulgaria NI

1

Ireland NI

For (1)

1

NI

For (1)

1
5
icon: EFD EFD
27

Belgium EFD

For (1)

1

Bulgaria EFD

For (1)

1

Greece EFD

2

Finland EFD

Abstain (1)

1

Slovakia EFD

Abstain (1)

1

Netherlands EFD

Against (1)

1

Lithuania EFD

2

Denmark EFD

Against (1)

1
icon: GUE/NGL GUE/NGL
33

Spain GUE/NGL

Against (1)

1

Sweden GUE/NGL

Abstain (1)

1
4

Ireland GUE/NGL

Against (1)

1

Netherlands GUE/NGL

2

Croatia GUE/NGL

Against (1)

1

Denmark GUE/NGL

1

Latvia GUE/NGL

Against (1)

1

Cyprus GUE/NGL

2

United Kingdom GUE/NGL

Abstain (1)

1
icon: ECR ECR
51

Italy ECR

Against (1)

2

Hungary ECR

Against (1)

1

Belgium ECR

Against (1)

1

Netherlands ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Latvia ECR

Against (1)

1

A7-0465/2013 - Phil Bennion - Résolution

2014/01/14 Outcome: +: 562, -: 62, 0: 60
DE IT PL ES GB FR RO HU BG BE SE EL SK PT AT IE HR LT FI CZ DK SI NL LV LU EE MT ?? CY
Total
90
64
46
46
67
59
27
21
16
21
19
20
12
21
18
12
12
9
11
19
11
7
24
8
6
6
5
1
5
icon: PPE PPE
243

Czechia PPE

2

Denmark PPE

For (1)

1

Luxembourg PPE

3

Estonia PPE

For (1)

1

Malta PPE

2
2
icon: S&D S&D
174

Ireland S&D

2

Finland S&D

2

Slovenia S&D

For (1)

1

Netherlands S&D

3

Latvia S&D

1

Luxembourg S&D

For (1)

1

Estonia S&D

For (1)

1

Cyprus S&D

1
icon: ALDE ALDE
76

Greece ALDE

1

Slovakia ALDE

For (1)

1

Austria ALDE

1

Lithuania ALDE

1

Finland ALDE

2
3

Slovenia ALDE

2

Latvia ALDE

For (1)

1

Luxembourg ALDE

For (1)

1
icon: ECR ECR
51

Hungary ECR

For (1)

1

Belgium ECR

For (1)

1

Croatia ECR

For (1)

1

Lithuania ECR

1

Netherlands ECR

For (1)

1

Latvia ECR

For (1)

1
icon: Verts/ALE Verts/ALE
52

United Kingdom Verts/ALE

4
4

Greece Verts/ALE

Abstain (1)

1

Portugal Verts/ALE

Abstain (1)

1

Austria Verts/ALE

2

Finland Verts/ALE

Abstain (2)

2

Netherlands Verts/ALE

3

Latvia Verts/ALE

Abstain (1)

1

Luxembourg Verts/ALE

Abstain (1)

1

Estonia Verts/ALE

Abstain (1)

1
icon: NI NI
27

Italy NI

2

Spain NI

1

United Kingdom NI

For (1)

Abstain (1)

5

France NI

2

Romania NI

1

Bulgaria NI

1

Belgium NI

Against (1)

1

Austria NI

For (1)

Abstain (1)

4

Ireland NI

For (1)

1

NI

For (1)

1
icon: EFD EFD
27

Bulgaria EFD

For (1)

1

Belgium EFD

Abstain (1)

1

Greece EFD

2

Slovakia EFD

For (1)

1

Lithuania EFD

For (1)

1

Finland EFD

For (1)

1

Denmark EFD

Against (1)

1

Netherlands EFD

Against (1)

1
icon: GUE/NGL GUE/NGL
33

Spain GUE/NGL

Against (1)

1

United Kingdom GUE/NGL

1

Sweden GUE/NGL

Against (1)

1
4

Ireland GUE/NGL

Against (1)

1

Croatia GUE/NGL

Against (1)

1

Denmark GUE/NGL

1

Netherlands GUE/NGL

2

Latvia GUE/NGL

Against (1)

1

Cyprus GUE/NGL

2
AmendmentsDossier
126 2013/2127(INI)
2013/10/14 EMPL 98 amendments...
source: PE-521.544
2013/10/24 ECON 28 amendments...
source: PE-521.820

History

(these mark the time of scraping, not the official date of the change)

committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Employment and Social Affairs
committee
EMPL
rapporteur
name: BENNION Phil date: 2013-04-17T00:00:00 group: Alliance of Liberals and Democrats for Europe abbr: ALDE
shadows
committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Employment and Social Affairs
committee
EMPL
date
2013-04-17T00:00:00
rapporteur
name: BENNION Phil group: Alliance of Liberals and Democrats for Europe abbr: ALDE
shadows
committees/1
type
Committee Opinion
body
EP
associated
True
committee_full
Economic and Monetary Affairs
committee
ECON
rapporteur
name: BERTOT Fabrizio date: 2013-06-18T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/1
type
Committee Opinion
body
EP
associated
True
committee_full
Economic and Monetary Affairs
committee
ECON
date
2013-06-18T00:00:00
rapporteur
name: BERTOT Fabrizio group: European People's Party (Christian Democrats) abbr: PPE
docs/3/body
EC
events/3/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-0465&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-7-2013-0465_EN.html
events/6/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2014-0013
New
http://www.europarl.europa.eu/doceo/document/TA-7-2014-0013_EN.html
activities
  • date: 2013-07-04T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee: ECON date: 2013-06-18T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PPE name: BERTOT Fabrizio body: EP shadows: group: PPE name: KASTLER Martin group: S&D name: REGNER Evelyn group: Verts/ALE name: LAMBERT Jean group: ECR name: MCINTYRE Anthea group: GUE/NGL name: ZUBER Inês Cristina responsible: True committee: EMPL date: 2013-04-17T00:00:00 committee_full: Employment and Social Affairs (Associated committee) rapporteur: group: ALDE name: BENNION Phil
  • date: 2013-12-05T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP responsible: False committee: ECON date: 2013-06-18T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PPE name: BERTOT Fabrizio body: EP shadows: group: PPE name: KASTLER Martin group: S&D name: REGNER Evelyn group: Verts/ALE name: LAMBERT Jean group: ECR name: MCINTYRE Anthea group: GUE/NGL name: ZUBER Inês Cristina responsible: True committee: EMPL date: 2013-04-17T00:00:00 committee_full: Employment and Social Affairs (Associated committee) rapporteur: group: ALDE name: BENNION Phil
  • date: 2013-12-18T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-0465&language=EN type: Committee report tabled for plenary, single reading title: A7-0465/2013 body: EP type: Committee report tabled for plenary, single reading
  • date: 2014-01-13T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20140113&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 2014-01-14T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=23886&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2014-0013 type: Decision by Parliament, 1st reading/single reading title: T7-0013/2014 body: EP type: Results of vote in Parliament
commission
  • body: EC dg: Employment, Social Affairs and Inclusion commissioner: ANDOR László
committees/0
type
Responsible Committee
body
EP
associated
True
committee_full
Employment and Social Affairs
committee
EMPL
date
2013-04-17T00:00:00
rapporteur
name: BENNION Phil group: Alliance of Liberals and Democrats for Europe abbr: ALDE
shadows
committees/0
body
EP
responsible
False
committee
ECON
date
2013-06-18T00:00:00
committee_full
Economic and Monetary Affairs (Associated committee)
rapporteur
group: PPE name: BERTOT Fabrizio
committees/1
type
Committee Opinion
body
EP
associated
True
committee_full
Economic and Monetary Affairs
committee
ECON
date
2013-06-18T00:00:00
rapporteur
name: BERTOT Fabrizio group: European People's Party (Christian Democrats) abbr: PPE
committees/1
body
EP
shadows
responsible
True
committee
EMPL
date
2013-04-17T00:00:00
committee_full
Employment and Social Affairs (Associated committee)
rapporteur
group: ALDE name: BENNION Phil
docs
  • date: 2013-08-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.876 title: PE516.876 type: Committee draft report body: EP
  • date: 2013-10-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE521.544 title: PE521.544 type: Amendments tabled in committee body: EP
  • date: 2013-11-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.888&secondRef=02 title: PE516.888 committee: ECON type: Committee opinion body: EP
  • date: 2014-05-26T00:00:00 docs: url: /oeil/spdoc.do?i=23886&j=0&l=en title: SP(2014)320 type: Commission response to text adopted in plenary
events
  • date: 2013-07-04T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2013-07-04T00:00:00 type: Referral to associated committees announced in Parliament body: EP
  • date: 2013-12-05T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2013-12-18T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-0465&language=EN title: A7-0465/2013 summary: The Committee on Employment and Social Affairs adopted the own-initiative report by Phil BENNION (ADLE, UK) on financial participation of employees in companies’ proceeds. The Committee on Economic and Monetary Affairs, exercising the prerogative of an associated committee in line with Rule 50 of the Rules of Procedure , were also consulted to give an opinion on the current report. The Members recalled that employee financial participation (EFP) schemes can offer employees direct financial benefits above and beyond agreed basic remuneration structures. These schemes mainly take three forms: profit sharing (cash-based, deferred or in shares), individual employee share ownership (employee shares or stock options), employee stock ownership plans (ESOPs). For a reconciliation of existing EFP schemes without harmonisation : t he Members recall that EFP is affected by national taxation rules and it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level. However, barriers to the adoption of EFP should be lifted in the European Union, notably the transnational obstacles facing both companies offering schemes to employees in several Member States, and for employees, for whom double taxation may represent an infringement of the right to freedom of movement. They emphasise that in some cases it might be useful to bring about the gradual convergence of existing financial participation schemes and the related national legislation so as to enable employers in future to offer schemes in the same or a similar form in all Member States where they have employees. They call for a strengthening of the information on the financial participation schemes in place especially in SMEs as well as greater transparency in tax matters. The Members particularly stress the need to implement measures preventing double taxation when employees work in various Member States. Guidelines on the taxation of EFP should therefore be presented by the Commission. Recommendations : the Members made a series of recommendations calling on the Commission and on Member States to consider appropriate measures to encourage companies, acting voluntarily, to develop and offer EFP schemes, open to all employees, in association with social partners. They anticipate the results of the Commission’s pilot project on the Promotion of employee ownership and participation. For a potential opt-in 29th regime : the Members view with interest a potential opt-in 29th regime as an optional single legal framework open to employers throughout the EU , which would respect areas of Member State competence on fiscal and labour law, based on a market-based approach, improved transparency and access to information to facilitate equal implementation in different Member States. This model would be applicable at the national and/or EU level when needed and not being restricted to cross-border companies. They encourage the Commission to present an independent impact assessment on such a regime. Following the publication of the independent impact assessment, the Members call on the Commission to consider developing a set of basic guidelines for successful EFP schemes encompassing the following elements: objective-led: companies should determine the objectives of an EFP scheme in order to select the model that is most appropriate for them; flexible in operation and voluntary , operating differently in different sectors, companies of different sizes and types and offering employees a choice about how to benefit from a closer financial relationship with their employer; additional/complementary to contractual remuneration; negotiated by social partners; clear information must be given to employees on the risks and rights attached to opting into an EFP scheme. Involvement in governance should also be noted with workers enabled to become directly involved in the governance of a company. In any case, the EFP should not aim to replace the wages of the workers . Better employee awareness of the advantages of EFP : finally, the Members call on the Commission and the Member States to better organise information campaigns and to encourage the cross-border transferability of best practice schemes among Member States. They encourage Member States, in cooperation with social partners, employee ownership organisations and the Commission, to use existing single information portals – one stop shops – accessible to employers and employees, or to develop new ones, in order to explain the benefits and advantages as well as risks of EFP, the national incentives available and the different models which exist.
  • date: 2014-01-13T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20140113&type=CRE title: Debate in Parliament
  • date: 2014-01-14T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=23886&l=en title: Results of vote in Parliament
  • date: 2014-01-14T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2014-0013 title: T7-0013/2014 summary: The European Parliament adopted by 562 votes to 62, with 60 abstentions, a resolution on financial participation of employees in companies’ proceeds. Parliament recalled that employee financial participation (EFP) schemes can offer employees direct financial benefits above and beyond agreed basic remuneration structures. These schemes mainly take three forms: profit sharing (cash-based, deferred or in shares), individual employee share ownership (employee shares or stock options), employee stock ownership plans (ESOPs). For a reconciliation of existing EFP schemes without harmonisation : Parliament recalled that EFP is affected by national taxation rules and it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level. However, barriers to the adoption of EFP should be lifted in the European Union, notably the transnational obstacles facing both companies offering schemes to employees in several Member States, and for employees, for whom double taxation may represent an infringement of the right to freedom of movement. It emphasised that in some cases it might be useful to bring about the gradual convergence of existing financial participation schemes and the related national legislation so as to enable employers in future to offer schemes in the same or a similar form in all Member States where they have employees. It called for a strengthening of the information on the financial participation schemes in place especially in SMEs as well as greater transparency in tax matters. Members particularly stressed the need to implement measures preventing double taxation when employees work in various Member States. Guidelines on the taxation of EFP should therefore be presented by the Commission. Recommendations : Members made a series of recommendations calling on the Commission and on Member States to consider appropriate measures to encourage companies, acting voluntarily, to develop and offer EFP schemes, open to all employees, in association with social partners. They anticipated the results of the Commission’s pilot project on the Promotion of employee ownership and participation. For a potential opt-in 29th regime : Parliament viewed with interest a potential opt-in 29th regime as an optional single legal framework open to employers throughout the EU , which would respect areas of Member State competence on fiscal and labour law, based on a market-based approach, improved transparency and access to information to facilitate equal implementation in different Member States. This model would be applicable at the national and/or EU level when needed and not being restricted to cross-border companies. It encouraged the Commission to present an independent impact assessment on such a regime. Following the publication of the independent impact assessment, Members called on the Commission to consider developing a set of basic guidelines for successful EFP schemes encompassing the following elements: objective-led: companies should determine the objectives of an EFP scheme in order to select the model that is most appropriate for them; flexible in operation and voluntary , operating differently in different sectors, companies of different sizes and types and offering employees a choice about how to benefit from a closer financial relationship with their employer; additional/complementary to contractual remuneration; negotiated by social partners; clear information must be given to employees on the risks and rights attached to opting into an EFP scheme. Involvement in governance should also be noted with workers enabled to become directly involved in the governance of a company. In any case, the EFP should not aim to replace the wages of the workers . Parliament considered that, in order to promote financial participation for the purpose of creating a new form of company financing and enabling employees to be more connected to the company that employs them, employers should be given the opportunity to offer employees share capital subscriptions or specific debt securities (bonds). It took the view that the capital subscriptions should be voluntary for the employees, acting either as individuals or as a group, as well as for the company. Better employee awareness of the advantages of EFP : lastly, Parliament called on the Commission and the Member States to better organise information campaigns and to encourage the cross-border transferability of best practice schemes among Member States. It encouraged Member States, in cooperation with social partners, employee ownership organisations and the Commission, to use existing single information portals – one stop shops – accessible to employers and employees, or to develop new ones, in order to explain the benefits and advantages as well as risks of EFP, the national incentives available and the different models which exist.
  • date: 2014-01-14T00:00:00 type: End of procedure in Parliament body: EP
links
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  • body: EC dg: url: http://ec.europa.eu/social/ title: Employment, Social Affairs and Inclusion commissioner: ANDOR László
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  • 3.45.03 Financial management of undertakings, business loans, accounting
  • 4.15.05 Industrial restructuring, job losses, redundancies, relocations, Globalisation Adjustment Fund (EGF)
  • 4.15.10 Worker information, participation, trade unions, works councils
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  • body: EP shadows: group: PPE name: KASTLER Martin group: S&D name: REGNER Evelyn group: Verts/ALE name: LAMBERT Jean group: ECR name: MCINTYRE Anthea group: GUE/NGL name: ZUBER Inês Cristina responsible: True committee: EMPL date: 2013-04-17T00:00:00 committee_full: Employment and Social Affairs (Associated committee) rapporteur: group: ALDE name: BENNION Phil
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  • type: Decision by Parliament, 1st reading/single reading title: T7-0013/2014
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  • The Committee on Employment and Social Affairs adopted the own-initiative report by Phil BENNION (ADLE, UK) on financial participation of employees in companies’ proceeds.

    The Committee on Economic and Monetary Affairs, exercising the prerogative of an associated committee in line with Rule 50 of the Rules of Procedure, were also consulted to give an opinion on the current report.

    The Members recalled that employee financial participation (EFP) schemes can offer employees direct financial benefits above and beyond agreed basic remuneration structures. These schemes mainly take three forms:

    • profit sharing (cash-based, deferred or in shares),
    • individual employee share ownership (employee shares or stock options),
    • employee stock ownership plans (ESOPs).

    For a reconciliation of existing EFP schemes without harmonisation: the Members recall that EFP is affected by national taxation rules and it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level. However, barriers to the adoption of EFP should be lifted in the European Union, notably the transnational obstacles facing both companies offering schemes to employees in several Member States, and for employees, for whom double taxation may represent an infringement of the right to freedom of movement.

    They emphasise that in some cases it might be useful to bring about the gradual convergence of existing financial participation schemes and the related national legislation so as to enable employers in future to offer schemes in the same or a similar form in all Member States where they have employees.

    They call for a strengthening of the information on the financial participation schemes in place especially in SMEs as well as greater transparency in tax matters. The Members particularly stress the need to implement measures preventing double taxation when employees work in various Member States. Guidelines on the taxation of EFP should therefore be presented by the Commission.

    Recommendations: the Members made a series of recommendations calling on the Commission and on Member States to consider appropriate measures to encourage companies, acting voluntarily, to develop and offer EFP schemes, open to all employees, in association with social partners. They anticipate the results of the Commission’s pilot project on the Promotion of employee ownership and participation.

    Fora potential opt-in 29th regime: the Members view with interest a potential opt-in 29th regime as an optional single legal framework open to employers throughout the EU, which would respect areas of Member State competence on fiscal and labour law, based on a market-based approach, improved transparency and access to information to facilitate equal implementation in different Member States. This model would be applicable at the national and/or EU level when needed and not being restricted to cross-border companies.

    They encourage the Commission to present an independent impact assessment on such a regime. Following the publication of the independent impact assessment, the Members call on the Commission to consider developing a set of basic guidelines for successful EFP schemes encompassing the following elements:

    • objective-led: companies should determine the objectives of an EFP scheme in order to select the model that is most appropriate for them;
    • flexible in operation and voluntary, operating differently in different sectors, companies of different sizes and types and offering employees a choice about how to benefit from a closer financial relationship with their employer;
    • additional/complementary to contractual remuneration;
    • negotiated by social partners;
    • clear information must be given to employees on the risks and rights attached to opting into an EFP scheme.

    Involvement in governance should also be noted with workers enabled to become directly involved in the governance of a company.

    In any case, the EFP should not aim to replace the wages of the workers.

    Better employee awareness of the advantages of EFP: finally, the Members call on the Commission and the Member States to better organise information campaigns and to encourage the cross-border transferability of best practice schemes among Member States. They encourage Member States, in cooperation with social partners, employee ownership

    organisations and the Commission, to use existing single information portals – one stop shops – accessible to employers and employees, or to develop new ones, in order to explain the benefits and advantages as well as risks of EFP, the national incentives available and the different models which exist.

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  • group: EPP name: KASTLER Martin
  • group: S&D name: REGNER Evelyn
  • group: Verts/ALE name: LAMBERT Jean
  • group: Verts/ALE name: SCHROEDTER Elisabeth
  • group: ECR name: MCINTYRE Anthea
  • group: GUE/NGL name: ZUBER Inês Cristina
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  • group: EPP name: KASTLER Martin
  • group: S&D name: REGNER Evelyn
  • group: Verts/ALE name: LAMBERT Jean
  • group: Verts/ALE name: SCHROEDTER Elisabeth
  • group: ECR name: MCINTYRE Anthea
  • group: GUE/NGL name: ZUBER Inês Cristina
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  • group: EPP name: BERTOT Fabrizio
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  • group: EPP name: BERTOT Fabrizio
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  • body: EP responsible: True committee: EMPL date: 2013-04-17T00:00:00 committee_full: Employment and Social Affairs (Associated committee) rapporteur: group: ALDE name: BENNION Phil
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  • body: EC dg: url: http://ec.europa.eu/social/ title: Employment, Social Affairs and Inclusion commissioner: ANDOR László
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Financial participation of employees in companies' proceeds
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