Employee involvement in companies under the European Company Statute (ECS): SCOR SE
The reinsurance group SCOR was the first French listed company to create a European Company (SE) with employee participation. Three parallel agreements secure employee involvement through a common SE works council for the SCOR SE and its two subsidiaries. This was an important progress, since with only 800 employees in Europe, the former SCOR group did not fall under the scope of the EWC Directive. With regard to participation, an employee representative who is elected by the employees worldwide was maintained on the group’s board of directors. In addition, a second employee director without voting rights was introduced who is appointed by the SE works council. This was an acceptable compromise for both sides of industry which was reached in the course of the negotiations.