Employee involvement in companies under the European Company Statute

Rehfeldt, Udo; Voss, Eckhard; Pulignano, Valeria; Kelemen, Melinda; Telljohann, Volker; Fulton, Lionel; Neumann, László; Mester, Dániel; Schütze, Kim; Wilke, Peter

Ħarsa ġenerali

Rapport ta' riċerka

Employee involvement in companies under the European Company Statute

Ippubblikat: 8 March 2011

+6

Udo Rehfeldtand 9 other authors

Parteċipazzjoni fuq il-post tax-xogħol

Rappreżentanza tal-impjegati

Relazzjonijiet industrijali

The European Company Statute (SE) is based on the Council Regulation on the Statute for a European Company (2157/2001/EC) and on the Directive supplementing the Statute for a European Company with regard to the involvement of employees (2001/86/EC). It is one of the most important pieces of company legislation published so far by the European Union. Adopted in 2001, it has since October 2004 made it possible for companies operating in more than one EU Member State to reorganise their cross-border business under a single European label. This enables them to work under the umbrella of a single legal framework, thereby reducing the internal costs of operating in several countries. Employee involvement, including participation rights at board level, is the focus of this research report.

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Numru ta' paġni

105

Nru ta' referenza

EF1078

13 March 2011

Studju ta' każ

Employee involvement in companies under the European Company Statute (ECS): Allianz SE

Allianz SE is an integrated financial services provider with more than 150,000 employees. The company serves approximately 75 million customers in about 70 countries. Allianz SE operates and manages its activities primarily through four operating segments: property-casualty, life/health, asset management, and corporate and other. Allianz adopted the legal form of a European company (Societas Europea (SE)) by merging with its Italian subsidiary RAS. The process of integrating the two companies started in September 2005. On 13 October 2006, the Allianz-RAS merger was registered and Allianz became recognised as an SE under the 2001 Statute for a European company as set out in Council Regulation 2157/2001.

25 April 2011

Studju ta' każ

Employee involvement in companies under the European Company Statute (ECS): Equens SE

Headquartered in Utrecht/The Netherlands with subsidiaries in Germany, Italy and Finland, Equens is a full-service payment processing company offering services in payment and card processing and a European leader in this business segment. The transformation of Equens N.V. into an SE was concluded in July 2008 by a merger with the German subsidiary. This also reflects the strong European vision of the company. As a financial payment processor in an increasingly European market, the company follows its aims to become a truly European service provider. The case of Equens reflects the search of transnational operating companies for options to harmonise and simplify their governance structures including the practice of employee involvement and participation.

20 October 2011

Studju ta' każ

Employee involvement in companies under the European Company Statute (ECS): Fresenius SE

Fresenius was one of the first German companies with a two-tier corporate governance structure to become a European company in July 2007. The actors involved in the negotiation process worked under the impression to accomplish pioneer work. Both the management and the employee side representatives have assessed the Fresenius SE agreement as very positive and have personally earned positive feedback for the outcome. The example of Fresenius’ conversion into an SE shows a multilayer process of Europeanisation.

23 May 2011

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Employee involvement in companies under the European Company Statute (ECS): GfK SE

GfK, the German-based market research company, transformed itself into an SE in 2009. Management saw the change as reflecting GfK’s international perspectives and structure, although it also had the side effect of avoiding a major change in the composition of the supervisory board. The transformation has strengthened the European character of social dialogue in GfK, as there are now two non-German members on the supervisory board, and SE works council brings together members from almost all European countries, where GfK operates – the threshold is five employees. The SE works council has already agreed joint European guidelines on one issue, and both management and employee representatives have a generally positive view of the change.

20 October 2011

Studju ta' każ

Employee involvement in companies under the European Company Statute (ECS): Hager SE

The Hager Group is a family-run company based in the German Saarland with approximately 10,000 employees worldwide. The company offers a complete range of systems, solutions and services for energy distribution in buildings, including security solutions as well as electrical installations supplies for larger-scale projects in the field of industry and infrastructure. The Hager company is characterised by a strong German-French corporate identity with equally strong production facilities on both sides of the border. This cross-border corporate culture was also a major driving force for the establishment of the Hager SE in 2007.