The Employment Rights Act will be amended from 1st September 2013 to include a new employment status of employee shareholder to sit along side the existing statuses of self-employed, worker and employee. Whether there is such a demand for employee shareholders remains to be seen. It is a case of watch this space.
Sarah King Employment Solicitor
for specialist employment law advice
News – Employee share agreements
Surrendering employment rights for shares
You will no doubt have read in the press about the Government legislation currently going through Parliament for employees to give up their employment rights in return for shares. The House of Lords twice rejected the bill but the Government recently amended the bill to include the need for employees to take independent legal advice […]
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