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Marc.
Please find my comments on the Consultation Paper
on Financial Participation.
Firstly I would like to endorse the sections
in 4.1 that highlight Unreasonable risk for employees and Distinction between
wages and salaries from income deriving from financial participation
schemes.
Secondly that the whole document only identifies
only 2 of the major players i.e. employers and employees and ignores Owners
looking for exits and Trade Unions,
Indeed I find it most strange that there is no
mention in the whole document of the employees natural representatives the Trade
Unions. For if we fail to get the Trade Unions on board to represent their
employee members then these same employees will be vulnerable and may fall foul
of the manipulation and sharp practice from some unscrupulous managers that we
have witnessed in the past particularly from some Eastern European
Countries.
Responding to 5 there needs to be more positive
practical action including education and publicity targeted at Present
Owners, Trade Unions, Managers, Workers, Company Advisors and Politicians both
National and European. This should be in the form of a Web Site, Advertising,
Conferences and Seminars.
I would argue that EFES is in a major position to
carry out these tasks.
And finally I don't think that enough emphasis
has been placed on the fact that Employee Ownership is enhanced and
enriched when coupled with greater Industrial Democracy. Indeed studies are now
showing that when this combination is used it leads to the greatest
success.
Regards
Dave
Dave Wheatcroft
01246 233438
-Tel
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