29th May 2007 |
The purpose of these regulations is to give effect to EU Directive 2003/72/EC of 22 July 2003, “Supplementing the Statute for a European Cooperative Society with Regard to the Involvement of Employees”.
The European Cooperative Society Statute is a new legal instrument that enables the establishment of a European Cooperative Society (to be known as an “SCE”), the objective of which is to make it easier for cooperatives to operate across the EU.
These regulations transpose the provisions of the Directive, providing that a new SCE cannot be registered without first negotiating with employees on their involvement in the cooperative, whether through information and consultation and/or, in certain circumstances, participation at board level.
Workplace Regulation and Economic Migration