Tags: Shares

ifs ProShare 2013 Annual Award Winners Announced

Companies from the travel and tourism, IT and the oil and gas industries were the big winners in the prestigious 2013 annual ifs ProShare Awards Ceremony. The 2013 ceremony saw the emergence of several smaller companies, alongside some more traditional names, to claim awards for their contribution to the employee share ownership industry over the past year. Amadeus…

90% of firms do not support ‘shares for rights’ scheme

A flagship Government initiative allowing organisations to offer shares in return for removing certain employment rights is likely to fail because an overwhelming proportion of firms think it will be damaging to their business – according to a survey of over 500 UK companies by national law firm, Irwin Mitchell. The so called ‘shares for…

New FTSE Index will highlight companies with high employee ownership

Investors will find it easier to identify and invest in UK businesses which have adopted employee ownership following the launch of a new FTSE compliant UK Employee Ownership (EO) Index by Business Minister Jo Swinson today. The Business Minister announced the new Index alongside the EO One Year On Report at a launch event at…

Bernadette Daley: Employee shareholders – dealing with the HR aspects

You may be forgiven for thinking that we already had a confusing set of labels for different types of workers – employees, workers, agency workers, consultants, the self-employed. As of 1 September 2013, we have a new category – the employee shareholder. HR practitioners need to be familiar with this new status, so that they…

House of Lords approved the Common’s amendments to the ’employee shareholder’

Following the House of Lords this morning approving the Commons’ amendments to the controversial ‘employee shareholder’ scheme, James Hall, Associate at Charles Russell LLP, commented: “In a rapid turnaround, the House of Lords this morning approved the Commons amendments to the controversial ’employee shareholder’ employment status so beloved of the current Government.  Due to be inserted…

Scrap employee shareholder plans, says Law Society

The Law Society has called for the Government to scrap the employee shareholder proposal that would see workers giving up their rights for shares in the business they work for. It states that the idea will only introduce more red tape and confusion, and its complexities will scare off small businesses. The Coalition however, seems…

Swap your employment rights for shares – Chancellor reveals plan to change law

The Conservative Chancellor George Osborne used his address to his party’s conference in Birmingham to reveal further measures aimed at deregulating business and cutting red tape. The latest proposal from the coalition is a plan to implement a new form of employment contract, which would enable staff to give up some of their basic statutory…

Shares plan ‘won’t stop angry staff’ from making claims against employers, lawyers warn

Proposals to allow staff to waive their employment rights in return for equity in the business would fail to protect employers against claims from disgruntled workers, lawyers warn. Chancellor George Osborne last week announced plans for a new ‘owner-employee’ scheme that could be in place by April 2013. It would allow employers to offer contracts…