MM, EFES EN Marc Mathieu
La Tribune
Hewitt
% 100 90 80 EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph first year plans UK IE FR NL, FI DA SV, BE, CH EUROPE NO 70 DE, IT 60 50 AT 11 NEW ES 40 30 GR, PL PT 20 10 0 1950 1960 1970 1980 1990 2000 2008
% 100 EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph Europe 2013? 90 80 2006 70 60 50 40 30 1999 1999 20 10 0 1994 1994 1986 1986 1950 1960 1970 1980 1990 2000 2008
% 100 90 EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph premiers et derniers UK IE FR 80 70 60 50 ES 40 30 GR, PL PT 20 10 0 1950 1960 1970 1980 1990 2000 2008
Survey 2008
Survey 2007
CAPITAL HELD BY EMPLOYEE OWNERS IN EUROPEAN GROUPS Billion Euro 300 Evolution 2006/2007/2008 283.3 % 2,80 250 200 206.2 240.2 2.64% 2.63% 2,70 2,60 150 2,50 100 2,40 50 2.32% 2,30 0 2006 2007 2008 2,20
Democratisation process DEMOCRATISATION PROCESS Number of companies Companies having share plans Companies having broad based plans Number of countries Number of employee owners % employee owners / all employees Capitalisation held by employees
Number of years 14 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE How long plans in existence 1995 12 10 8 2001 1998 6 2004 4 2 0 IE SL UK FR NL BE EU MT HU DE CH NM SV CY FI PT NO DA CZ AT LV IT ES LU GR PL RO BG EE LT SK
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 0
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 1
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 2
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 3
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 4
HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 5
Diffusion plans top-down TOP EXECUTIVES (stock options) (1-2 years later) HIGH MANAGEMENT (1% employees) (1-2 years later) MIDDLE AND LOW MANAGEMENT (10% employees) (2-3 years later) ALL EMPLOYEE BROAD BASED SHARE PLANS (100% employees)
% 100 90 85,1% EUROPEAN GROUPS HAVING EMPLOYEE OWNERSHIP Graph % having EO DA CH SL FR NL ES EU NO HU SV UK FI IE 80 BE DE PT CZ IT 70 60 LT GR MT AT NM CY 50 40 LV PL EE SK LU 30 20 10 RO BG 0 RO BG LV PL EE SK LU LT GR MT AT NM CY BE DE PT CZ IT ES EU NO HU DA CH SL FR NL SV UK FI IE
% 100 EUROPEAN GROUPS HAVING BROAD BASED SHARE PLANS Graph % broad based 90 FR 80 CZ UK 70 60 50 40 30 51,9% IT BE LV DE NL ES FI AT MT SK CH SV NM NO CY EU SL IE DA HU 20 10 0 PT BG GR PL EE LT LU RO EE LT LU RO PL BG GR PT IT BE LV DE NL ES FI AT MT SK CH SV NM NO CY EU SL IE DA HU CZ UK FR
DATABASE Database OF EMPLOYEE OWNERSHIP Each of all 2.533 largest European groups 32.4 million employees (25-30% of all European employees)
Annual reports ANNUAL REPORTS
Numbers 3.500.000 Numbers E Owners EMPLOYEE OWNERS IN EUROPEAN GROUPS FR 3.000.000 Europe: 9.1 million employee owners UK 2.500.000 2.000.000 1.500.000 1.000.000 DE 500.000 ES SV NL CH 0 RO EE LT LV LU BG MT SK SL CY CZ HU PT PL NM GR IE DA NO AT BE FI IT ES SV NL CH DE UK FR
% HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES Democratisation process 90 80 70 60 50 40 30 20 10 0 Years 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
% 6,00 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Capital held by employees CY SL 5,00 FR 4,00 3,00 2,63% GR UK EU IT PL IE CH AT ES BE 2,00 NM NO DE SV HU NL FI 1,00 SK LU DA PT 0,00 RO LV MT BG LT EE CZ RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL
% % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Cap held EXEC et NonEXEC 6,00 5,00 TOP EXECUTIVES NON-EXECUTIVES CY SL FR 4,00 3,00 2,00 NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT 1,00 SK LU DA PT 0,00 CZ BG LT EE RO LV MT RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL
% 6,00 5,00 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Cap held EXEC et NonEXEC TOP EXECUTIVES NON-EXECUTIVES FR 4,00 3,00 GR IT 2,00 1,00 0,00 RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL
% 100 % EXEC et NonEXEC % HELD BY TOP EXECUTIVES AND OTHERS 90 80 TOP EXECUTIVES 70 60 50 40 30 20 10 NON-EXECUTIVES 0 EE LT RO LU BG GR IT NO PL CZ ES PT IE UK SV DE EU HU NL AT CH BE DA FR NM CY FI MT SL LV SK
Ratio 180% DEMOCRATISATION RATIO OF EMPLOYEE OWNERSHIP Democratisation ratio 160% FR 140% 120% 100% 100 100 IE FI CH SV EU UK 80% NL NO BE DA DE AT 60% 40% NM IT ES GR PT 20% 0% PT NM IT ES GR NL NO BE DA DE AT IE FI CH SV EU UK FR
% 50 % EOwners amongst all employees % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES 45 FR 40 35 UK 30 25 28,2% IE FI CH SV EU CY 20 NL NO BE DA DE AT 15 10 PT LV SK NM PL HU CZ IT SL MT ES GR 5 0 BG EE LT RO LU BG EE LT RO LU PT LV SK NM PL HU CZ IT SL MT ES GR NL NO BE DA DE AT IE FI CH SV EU CY UK FR
60 % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE % Years % EOwners/EMPL et how long 14 50 12 40 30 Years 10 8 20 6 4 10 % 2 0 LT RO SK EE LU CZ HU IT PT ES GR NM NL BE DE DA PL IE SL MT NO FI CH SV LV AT EU UK FR CY BG 0
% CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % 100 % Cap held in groups (continuum) 90 80 70 >50% 318 60 50 40 30 20-50% 157 20 10 0% 0-1% 1-6% 276 groups 896 groups 686 groups 6-20% 200 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400
Catégories % EO Classification
% % EUROPEAN GROUPS HAVING "SIGNIFICANT" EMPLOYEE OWNERSHIP 90 % Significant CY 80 FR CZ 70 IE UK HU 60 53,9% IT EU SL FI 50 40 DE PT BE DA SK SV AT CH ES NM NL NO 30 LU PL EE GR 20 10 LT 0 BG LV MT RO BG LV MT RO LT LU PL EE GR DE PT BE DA SK SV AT CH ES NM NL NO IT EU SL FI HU IE UK FR CZ CY
EUROPEAN GROUPS HAVING STOCK OPTION PLANS % 100 Stock options UK IE 90 80 SV BE FI NL DA 70 64,6% DE NO CH FR EU CY 60 50 LU IT 40 PL PT AT GR MT 30 ES HU 20 10 SL CZ RO EE NM 0 BG LT LV SK BG LT LV SK SL CZ RO EE NM ES HU PL PT AT GR MT LU IT DE NO CH FR EU CY DA SV BE FI NL UK IE
50.000 AVERAGE CAPITALISATION HELD BY EACH EMPLOYEE OWNER (EXCLUDING TOP EXECUTIVES) Cap held by EOwner individually 45.000 CH 40.000 35.000 30.000 ES BE AT 25.000 20.000 15.000 15.933 Euro NO NL EU FR GR IE PT FI IT 10.000 SV UK DA DE 5.000 0 SV UK DA DE GR NO NL EU FR IE PT FI IT BE AT ES CH
50.000 AVERAGE CAPITALISATION HELD BY EACH EMPLOYEE OWNER (EXCLUDING TOP EXECUTIVES) Cap held by EOwner individually 45.000 CH 40.000 35.000 30.000 ES 25.000 20.000 15.000 7.500.000 Euro 15.933 Euro NO NL EU FR GR IE PT FI IT BE AT 10.000 SV UK DA DE 5.000 0 SV UK DA DE GR NO NL EU FR IE PT FI IT BE AT ES CH
EXEC and Non-Exec 3 TOP EXECUTIVES & OTHER EMPLOYEES 7.500.000 Euro 95 billion 1.04% 15.933 Euro 145 billion 1.59% ------------- ------ -------- 26.338 Euro 240 billion 2.63%
% 60 EUROPEAN GROUPS HAVING LAUNCHED NEW PLANS IN 2007/8 New plans in 2007/8 50 SV FI FR UK NL DA BE 40 36,6% EU NO IE 30 CH DE 20 EE PT CY IT AT MT PL GR 10 LU CZ NM HU SL ES BG LT 0 LV RO SK LV RO SK LU CZ NM HU SL ES BG LT EE PT CY IT AT MT PL GR CH DE EU NO IE SV FI FR UK NL DA BE
Survey + aussi country files COUNTRY FILES
Thanks Thank you for your attention For more information Marc Mathieu www.efesonline.org efes@efesonline.org Phone/fax: +32 2 242 64 30 Avenue Voltaire 135, B - 1030 Brussels