EAES 2001

EAES 2001

EAES

EUROPEAN ASSOCIATION OF EMPLOYEE SHAREHOLDERS

EAES WAS FOUNDED IN BRUSSELS, MAY 6TH, 1999

EAES IS A NOT FOR PROFIT ASSOCIATION

PERMANENT SECRETARIAT:

Tour Coupole, Bureau 03 E 12,

92078 Paris la Défense Cedex, France

00 33 1 47 44 29 32 / 00 33 1 47 44 27 18

Facsimile: 00 33 1 47 44 37 82/ 00 33 1 47 44 28 07

Email: esop.avas@totalfinaelf.fr

Website: www.esop-avas.org

THE AIM

The aim of the EAES is to bring together at a European level the national associations and those organisations wishing to work for the promotion and the development of employee participation in corporate profits and decisions.

THE OBJECTIVES

To promote Employee Ownership and Participation as socio-economic progress in Europe.

To be an organism for dialogue and representation beside European institutions, national organisations, and International institutions ; work in partnership with governments of European countries in order to have law texts adopted, and make recommendations for improving the law.

A Centre for the exchange of information on Employee Share Ownership and its legislation.

To aid the creation of Associations of Employee shareholders, collectives of Employee shareholders and Retired Shareholders, or organisations representing Employee Share Ownership.

To obtain, a legal status for the Associations of Employee shareholders and to facilitate their integration into the life of companies.

To provide a forum for debate on the evolution of this concept.

To defend the interests of Employee shareholders and the other membership Associations or organisations.

To contribute to the European construction and the building of a social Europe in which Participation and Share Ownership will play an important role.

THE ACTION LEVELS

Companies.

European Community the 15 member countries.

European almost 30 countries are concerned.

World we are associated with like-minded individuals, organisations and other groups in the U.S.A and Far East.

THE STRUCTURE

Who can be appointed as members of the EAES?

Associations of currently and formerly Employee shareholders

Organisations Institutes

Individual Members

We also work in close conjunction with many partners such as:

Companies

Employers' institutes for participation

Consultants

THE MEMBERS

We have defined various levels of involvement The 2001 membership fee

in EAES

Organisations & companies: € 600

The Full Members.

Individual members: € 15

The Associates Members and Partners.

The Observer Members.

The Honorary Members.

OUR STAKEHOLDERS ARE:

National Associations of Employee shareholders

Local Organisations of Employee shareholders

Companies Other shareholders

National Authorities (Legislators and National Governments)

European Commission

European Parliament

Social Partners in every European country

Specialised Consultants

EC's Economic and Social Committee

National Institutes for Participation, Media

SERVICES

We are able to provide information on national and international practices, European legislation, financial methods. Information from EAES is being transmitted via:

A Newsletter

An Internet site

Research

Training Programmes and Seminars

Conferences

MEETINGS Meetings are held in a member country at least once a year.

PUBLICATIONS A BILINGUAL NEWSLETTER (French/English)

A GUIDE: the objective of the guidance is to provide a document covering Europe, which members can use to understand matters such as:

European law national legislations

ORGANISATION ON A EUROPEAN SCALE

In every European country, exchanges will be made with organisations, associations, and institutes. Board Members will travel in Europe to encourage the recruitment of members, create or develop Associations and advise corporations on how to implement this concept.

ADMINISTRATION OF THE EAES

PERMANENT SECRETARIAT

There is a Permanent Secretariat in Paris at the following address:

Tour Coupole, Bureau 03 E 12, 92078 Paris la Défense Cedex, France.

It is composed with a small staff. All the members are benevolent.

For more information you can contact either:

Josiane Fanguinovény, Co-ordinator - 00 44 771 2898 229 jfanguinoveny@hotmail.com

Guy P. Taylor, General Secretary - 00 44 7802 62 88 06 guytaylor@hotmail.com

Jean-Aymon Massie, President - 00 33 1 47 44 29 32 jaymonmassie@hotmail.com

OUR PRINCIPLES OF CORPORATE GOVERNANCE ARE:

Transparent and truthful accounting - via effective internal control and independent and accountable statutory auditors.

Independent and accountable directors - Therefore, every director must safeguard the interests of all shareholders and the range of duties must be limited in the interests of effectiveness and responsibility.

Efficient management - this implies good communication and a continuous relationship between management and stakeholders, in particular employee shareholders.

A clear strategy - this implies a long- term business vision focused on core skills and sustainable development - to create value, which looks beyond the short-term profits and considers market variables and environmental issues.

Motivated, innovative and productive employees. - this means that motivated employees are an asset to the company.

Acknowledgement of the key role of the general meeting of shareholders - and the primacy of its decisions on approving the accounts, managing relations between stakeholders and developing corporate strategy.

THEREFORE :

Voting rights should be applied on the basis of 1 share, 1 vote

All shareholders should have the same democratic rights, irrespective of nationality,

Location and number of shares.

Foreign shareholders should be able to exercise their voting right, procedures for

institutional investors should be simplified and shareholders’ voting instructions

should be respected.

All shareholders should be given maximum notice to enable them to vote in good time

and without incurring extra costs.

The counting of votes on resolutions as well as the checking of results should be

beyond reproach.

Employee shareholders are long-term investors. They fully endorse these principles of transparent corporate governance.