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Sweden

Sweden adopted the law on employee involvement in the European Company (SE) in March 2005.

COUNTRY OVERVIEW

There are employee representatives on the boards of all but the smallest companies in Sweden. Sweden made a rapid start in transposing the directive, setting up an expert group in the summer of 2002. The proposals for employee involvement were uncontroversial, but there was greater discussion on the possibility that Swedish companies might use the new legal form to avoid taxation.

For further information on the SE legislation, such as the choice of SNB members, click on the more button.

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A sustainable European company – Notes from Sweden

This report describes recent changes in SE legislation in Sweden. It also describes the transposition of the SCE directive into Swedish law. The report highlights legal areas of particular concern regarding worker involvement in SEs and SCEs. As of December 2007, only five SEs had been registered at the Swedish Companies Registration Office. According to Office officials, one has tabled plans to move its seat to Germany. Two of the other SEs are shelf companies without active undertakings and are owned by a third shelf company. SEs thus account for a small part of trade and industry in Sweden.

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Transposition of the SE legislation in Sweden (Final report: June 2006)

This report provides a brief overview of Swedish implementation of the directive on employee involvement in SEs (prop. 2003/04:122). The SE directive will be implemented by a special law, the Act on employee involvement in SEs. The new act is accompanied by changes in the Act on private-sector employee board representation of 1972. Transposition of the directive on employee involvement in SEs, and other complementary SE legislation, has now been completed in Sweden. Three separate proposals on SEs were approved by parliament in May. The legislative proposal on employee involvement (prop. 2003/04:122), together with a legislative proposal complementing the company law provisions in the SE regulation (prop. 2003/04:112) were presented to the Swedish parliament on 11 March 2004 and approved on 13 May. The third government proposal – on taxation of SEs (prop. 2003/04:134) – was presented to parliament in April and approved on 28 May. All three proposals will enter into force as legislation on 8 October 2004.

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Archive: Transposition of the SE Directive in Sweden (March 2004) Sweden countryreport_transposition 03_04.pdf 29.43 kB

The object of this national report is to provide a brief overview of Swedish implementation of the SE Directive. This report also presents some of the committee’s proposals on optional issues contained in the Directive, some of which may be put forward as legislation by the government. The final government proposal for legislation on employee involvement in the SE has not yet been published.Trans

Translated transposition laws 

The full text of the transposition laws and (for most countries) unofficial translations into English can be downloaded from the EU Commission website

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Lionel Fulton (2006) Anchoring the European Company in national law