GEO AWARD WINNERS

Bel’s "We Share" employee shareholding plan won an award for its innovative design, outstanding results, and effective communication strategy. The plan was recognized for exceeding ambitious goals, achieving high participation rates, and fostering alignment between employees and family shareholders.

Key to its success was the innovative approach of offering employees leveraged exposure to future value creation instead of traditional perks like discounts or cash matching. This model allowed employees to benefit fivefold from share price increases over five years while protecting lower-income employees for inclusivity.

The plan's global and tailored design, implemented across diverse regions (France, North America, and China), was another standout feature. Despite being a non-listed company, Bel navigated regulatory challenges with customized structures such as FCPEs, RSUs, and phantom shares.

With participation rates of 42% in France, 19% in North America, and 75% in China, and contributions exceeding projections by 48% (€300 million), the results spoke for themselves. The robust communication strategy, including roadshows, tailored materials, and direct engagement by family shareholders and senior management, ensured widespread awareness and trust.

Judges praised the plan’s ability to align employees globally, its protection for lower-level employees, and its focus on long-term value creation rather than short-term perks. Overall, the "We Share" plan was commended for its bold vision, meticulous execution, and meaningful employee engagement.