134 “real” SEs. The analysis presented on April 23rd by the legal department of the Hans Böckler foundation is based on recent data (March 2010) about the adoption of the SE status in the EU since 2005. To this day, 538 SEs have been created. However, a great deal of them doesn’t have a real activity, employees or even a corporate name. They are empty shells waiting for a “user” interested in an existing structure. The analysis lists 134 “real” SEs, and more than half of these (72) are German. Out of these, Roland Köstler, lawyer at the Hans Böckler, says that only 32 used to be joint stock companies (AG), and 17 are listed on the stock exchange. Thus, there wasn’t a movement of “escape” from AG to SE as some feared. The lawyer also denies the argument that German businesses are using the SE as a way to reduce employee representation levels imposed by co-management rules.
al of them doesn’t have a real activity, employees or even a corporate name. They are empty shells waiting for a “user” interested in an existing structure. The analysis lists 134 “real” SEs, and more than half of these (72) are German.
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