With some 1,500 member companies worldwide, the Global Equity Organization is the largest international umbrella organization in the area of stock plans and stock-based compensation. The award, for which some 160 companies competed, honors the stock program that achieves extraordinary results in all six of the award’s subcategories. In addition to the global dimension and wide range of the Siemens program, the jury praised, above all, the aim of using the program to strengthen employee identification with the company and to foster entrepreneurial thought and action.
Siemens made its decision to introduce a global employee stock program at the end of 2008. The principle is simple: for every three shares that an employee acquires and holds for a three-year period, he or she receives one share free of charge. Share acquisition is also fostered by the company. Response to the program has been excellent. Already in fiscal 2010, 130,000 employees worldwide were participating. Initially launched in seven countries, the global stock program is now open to more than 95 percent of all Siemens employees in over 50 countries – and the number of participants is continuing to increase.
More information on the Global Equity Organization is available at: http://www.globalequity.org/geo/home