Release Date: 
11/19/12

Jo Swinson, the Business Minister of the United Kingdom, announced that an index of the 69 companies on London's FTSE stock exchange with 3% or more of their shares held by employees would become FTSE-compliant. The Minister said, "The Employee Ownership Index will now mean investors can identify thriving employee ownership businesses and be part of their success. I hope more businesses recognise the value of this model and give their employees a greater stake in their future and the success of their company."

Read more about the UK's history and philosophy of employee ownership and this news release at UK.gov.