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An employee-shareholder contract is a type of employment contract that was introduced on 1 September 2013.
Employee shareholders are given shares in the business in exchange for foregoing certain employment rights, including the right to claim unfair dismissal (except where the dismissal is automatically unfair or discriminatory) and the right to receive statutory redundancy pay.
If the employer follows the right procedure, any employee or prospective employee of a company can become an employee shareholder.
15 Oct 2020
Blackbridge Communications has become the first employer marketing agency to become majority-owned by its employees.
A trust run on behalf...
19 Nov 2019
A future Labour government would “rewrite the rules of our economy” and would help workers “take back control”, John McDonnell...
10 Sep 2019
A future Labour government would create a ministry of employment rights and a workers’ protection agency, Jeremy Corbyn has announced....
17 May 2019
BT is to distribute £50m in shares each year to staff as it sets out to improve customer service, alter its workplace culture and improve workforce morale.
15 May 2019
Staff at Richer Sounds will receive a £3.5m windfall after being given a 60% stake in the business.
3 May 2019
Prime minister Theresa May’s aspiration for employers to have more workers in boardrooms appear to have been thwarted by organisations...
7 Mar 2019
A slump in profits has seen the John Lewis Partnership cut its staff bonus to the lowest level in 66 years, the retailer has announced.
10 Jan 2019
John Lewis Partnership may not pay its staff a bonus this year, despite having the funds to do so, as...
24 Sep 2018
A future Labour government would require all companies with 250 or more employees to give shares to their workers worth...
20 Sep 2018
Ahead of the introduction of executive pay ratio reporting regulations next year, Jason Stockwood looks at how CEO pay could...
17 May 2018
Deliveroo has announced that it will make all permanent staff shareholders, in a move worth around £10m.
17 May 2017
The Liberal Democrat Party’s official manifesto has been released today and includes a raft of proposals around employment rights, equality...
16 Mar 2016
Chancellor George Osborne revealed few surprises in today’s Budget - on the one...
17 Apr 2015
Chris Tutton looks at how the coalition Government’s controversial Shares for Rights scheme has been used since its introduction, and...