Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-01-14-Speech-2-419-000"
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"en.20140114.36.2-419-000"2
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"Mr President, along with the much-welcomed reforms on the competitive and innovation framework, I welcome the new proposed guidelines set out for European financial participation by workers in the EU. As an MEP for London, I know all too well the important role SMEs have to play in the City’s economy and their contribution to employment opportunities.
One great example is the John Lewis Partnership, a brilliant example indeed of a successful cooperative business – but share options are another route that can be taken in that respect. By offering workers a chance to engage directly in the governance and financial success of the companies in which they work, employee financial participation (EFP) can contribute to improving and also encouraging the productivity of their business and thus the competitiveness of European business as a whole.
I must, however, note my concerns at the Bennion reportʼs suggestion of presenting guidelines on the taxation of EFP. Tax matters, of course, must remain firmly in the sovereign control of individual Member States, and I would point to the report’s overall tone in acknowledging the differences which already exist between Member States in terms of their labour law and the benefits of participating in the EFP scheme.
Nevertheless, overall, I welcome the new proposals set out in this report, on balance, and I am pleased that I, with my Conservative colleagues, voted in favour. Aligning the interests of management, the workforce and ownership is always a good thing in my view."@en1
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