The Employee Shareholder: Rules, Interpretation and Lacunae of a New Subcategory of the Contract of Employment (original) (raw)

This work explores the legal complexities of the employee shareholder contract introduced by the Employment Rights Act 1996, as amended by the Growth and Infrastructure Act 2013. It critically examines the rights relinquished by employees who accept this new status, the specific eligibility of employers to offer such contracts, and the legal requirements for their implementation, including the need for independent advice and a cooling-off period. The paper aims to clarify the nuances between employee shareholders by conversion and those hired ab initio, while addressing the statutory protections afforded to these employees.