Safran Wins Employee Ownership Awards

The 60,000-employee French aerospace, defense, and security company Safran won the 2012 grand prize for employee stock ownership from the French Fédération des Associations d'actionnaires Salariés and the compensation and benefits prize from Observatoire des Rémunérations et Avantages Sociaux for its approach to global corporate citizenship. Jean-Luc Bérard, the company's vice president for human resources, said, "some 80% of our employees worldwide hold Safran shares...with employees holding 17% of our share capital and 25% of voting rights."