Every so often you come across a piece of statutory meddling which you just know from the start is doomed, whether by its conception or its execution, to fail. Many will have worked well as party conference sound-bites and are then rushed into law before anyone has the time to realise that they simply won’t work.
A big hand, please, for the employee shareholder status introduced to much fanfare in late 2013 and killed off with almost none in yesterday’s Autumn Statement – the measure designed to revolutionise employee share ownership across the UK dead and buried in scarcely three years. Prime critic Lord Bilimoria (“this is not just a dog’s breakfast, it is a mad dog’s breakfast”) must be laughing his head off http://www.employmentlawworldview.com/house-of-lords-swallows-mad-dogs-breakfast/.
For more details please take a look at this post on our Compensation & Benefits blog http://www.globalcompensationinsights.com/2016/11/employee-shareholder-status/.