May 2013 Archive

New regulations on share buy backs aim to boost wider employee ownership

The government is committed to promoting wider employee ownership of businesses as part of a drive to encourage more diverse ways of running businesses. In 2012 the Nuttall Report on Employee Ownership gave Parliament the impetus to draft new regulations simplifying the process for private companies wanting to buy back shares from departing employees. These regulations have now been approved by Parliament and will be incorporated into the Companies Act 2006.
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