Employee involvement in companies under the European Company Statute

Report
Published
08 March 2011
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Abstract

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.
  • Full report

    Number of Pages: 
    105
    Reference No: 
    EF1078
    Catalogue info

    Employee involvement in companies under the European Company Statute

    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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    • Download full reportPDF
  • Executive summary

    Number of pages: 
    2
    Reference No: 
    EF10781
    Catalogue info

    Employee involvement in companies under the European Company Statute - Executive summary

    Authors: 
    Eurofound
    Cover image of Employee involvement in companies under the European Company Statute - Executive summary

    An EU-based company may become an SE in four ways (the first three involve more than one company): merger; creation of a joint holding company; creation of a subsidiary; or when a single EU-based company is transformed into an SE, provided it has had a subsidiary governed by the law of another Member State for at least two years. Employee involvement is defined by the directive as ‘any mechanism, including information, consultation and participation, through which employees’ representatives may exercise an influence on decisions to be taken within the company’. Employee involvement, including participation rights at board level, is the focus of the report - see Related content.
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