Title

Autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et dolore feugait

Tag Archive

Employee Shareholder Status: Final Result

Following a great deal of debate and ‘Parliamentary Ping-Pong’, the House of Lords on 24 April 2013 finally approved legislation creating a new type of employment status: the ‘employee shareholder’, due to become law on an undetermined date this autumn.

The construction of this new status is that in return for a minimum of £2,000 worth of company shares the newly minted employee shareholder gives up certain key rights, most notably the right to claim unfair dismissal, a statutory redundancy payment and to apply for flexible working.

Read More