Training of employee representatives In the supervisory board in Austria Ines Hofmann AK Vienna department business economics tel Hamburg, 27th october 2011 AK Wien, Ines Hofmann

 IfAM = Institut für Arbeitnehmermitbestimmung Institut for Worker Participation  founded 1977  cooperation between the Chamber of Labour (AK) and the Austrian Trade Unions (ÖGB)  Aim: Supporting the employee representatives in the supervisory board who is IfAM ? AK Wien, Ines Hofmann

AK Wien, Ines Hofmann 3 3,3 millions of members ca employees 9 chambers of labour

AK Wien, Ines Hofmann 4 cooperation between chamber of labour and trade unions AKÖGB legal advice, protection of consumers „think tank“ – providing information staff of highly qualified experts compulsory membership collective bargaining support of the works councils fight organisation voluntary membership Division of labour and cooperation representation of interest against state institutions representation of interest against the company and the sector

 seminars: law, economics...  publications: IfAM-info, books, scripts...  Consultations  screening of balance sheets  Meetings (IFAM forum), conferences... for  employee represantatives in the supervisory board ~ 250 participants of seminars every year ~ 450 consultations every year what are we doing? AK Wien, Ines Hofmann

Heinz Leitsmüller AK Wien, Betriebswirt Ines Hofmann AK Wien, Wirtschaftspädagogin Walter Gagawczuk AK Wien, Jurist Silvia Hruška-Frank AK Wien, Juristin Hannes Schneller AK Wien, Jurist Ruth Naderer AK Wien, Betriebswirtin Helmut Gahleitner AK Wien, Wirtschaftspädagoge Reinhard Brachinger AK OÖ, Betriebswirt Christina Wieser AK Wien, Betriebswirtin Veronika Hubner AK OÖ, Psychologin Alice Niklas AK Wien, Betriebswirtin trainers of IfAM Markus Oberrauter AK Wien, Betriebswirt Gerda Heilegger AK Wien, Juristin Martina Chlestil AK Wien, Juristin

basic seminars  Introduction, Orientation Invitation of employee representatives with experience  Law rights, possibilities and duties of the supervisory board (members) invitation of a shareholder representative with experience  Economics how to interpret a balance sheet;  Practice – meeting of the supervisory board (a simulation) preparation – meeting – analysis AK Wien, Ines Hofmann

other seminars - 1  Analysing the balance sheet of the own company  Analysing the IFRS consolidated financial statement  The role of the auditor of annual accounts  Cost accounting AK Wien, Ines Hofmann

AK Wien, Ines Hofmann 9  Controlling and risk management  Business crime  Company crisis and insolvency  Restructuring of companies, outsourcing, mergers  Abc of the stock exchange other seminars - 2 SOSSOS

other seminars - 3  Psychology in the supervisory board  How to work efficiently in the supervisory board  Employee representatives in non profit/charitable organisations (hospitals, geriatric care...)  Employee representatives in the financial sector (bank, insurance)  Employee representatives in penion funds and severance payment funds  SE – European Company AK Wien, Ines Hofmann

AK Wien, Ines Hofmann 11  Computer simulation of a company foundation (results: balance sheet, profit & loss account)  Information exchange with experienced shareholder and employee representatives  Simulation of a meeting and video analysis  Training with the own materials (financial statements)  Learning with the own real case study Used training methods

Basic seminars: law economics meeting of the supervisory board + 1 other seminar IFAM certificate AK Wien, Ines Hofmann IFAM

AK Wien, Ines Hofmann 13 Quota of woman in Austria  Only 10,2 % women in austrian supervisory boards  17 % female employee represenatives in supervisory boards  ~ 26 % quota of woman in the ifam seminars

IFAM Info  4x/year  focus group: worker representatives in the supervisory board and works council members in companies with more than 300 employees  print run: ~ IFAM newsletter  news around the supervisiory board  ~ adresses Publications – IfAM Info, IFAM newsletter AK Wien, Ines Hofmann

9 Scripts – frequently updated - company law - supervisory board (also in english) - balance sheet - groups, works councils at group level - restructuring - cost accounting - investments Publications – Scripts AK Wien, Ines Hofmann

VÖGB - homepage AK Wien, Ines Hofmann

Publications – books AK Wien, Ines Hofmann

Publications – brochures AK Wien, Ines Hofmann

IFAM homepage AK Wien, Ines Hofmann

AK-balance sheet calculator AK Wien, Ines Hofmann

business simulation (e.g. starting up a business) economics and law Discussions with practitioneers learning by mutual experience Some impressions from seminars AK Wien, Ines Hofmann