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Will employees be given the right to request shares in their employer`s company?

16 January 2012 #Employment


Deputy Prime Minister, Nick Clegg has today announced plans to bring in a new universal right for employees to request to buy shares in the company they work for. Well known business John Lewis already operates this model, with employees owning shares in the company.

Mr Clegg says of the scheme: “Liberals believe strongly in the virtues of the market but only if it is a market for the many, not a market for the few...We don`t believe our problem is too much capitalism. We think it`s that too few people have capital... We need more individuals to have a real stake in their firms. More of a John Lewis economy, if you like.”

According to Mr Clegg, by using this approach John Lewis has lower levels of absence, staff turnover and production costs.

Mr Clegg will host a summit on the issue later in the year. You can read more on this story here.

Clarkslegal, specialist Employment lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Employment matter please contact Clarkslegal's employment team by email at employmentunit@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.

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