EU Inc (the 28th regime) · 2026/0074(COD)
Supports the 28th Regime as a step towards a simpler Single Market but wants it revised to include social economy entities and strengthen workers' rights and safeguards.
Ensure the 28th Regime includes cooperatives, mutuals, associations, foundations and social enterprises, allowing any organisation carrying out economic activity to access it under conditions adapted to their legal nature.
“The 28th Regime should not force social economy entities to abandon their legal identity, governance principles or mission safeguards in order to benefit from the Single Market. Any organisation carrying out economic activity should be able to access the 28th Regime under conditions adapted to its legal nature.”
Feedback, 2026-06-25
Allow all businesses, including social economy enterprises with diverse ownership models, to opt into the 28th regime rather than restricting it to limited liability companies not listed on the stock market.
“SEE calls on the European Commission to explore legal solutions that keep the regime open to all enterprises wishing to opt in.”
SEEs contribution 28th REGIME.pdf, page 3
Amend Article 78 to reduce the minimum waiting period for employee stock options from 24 to 12 months and allow in-kind consideration for exercising options to improve accessibility.
“SEE therefore suggests targeted improvements to Article 78 of the Proposal. First, the minimum mandatory waiting period before warrants can be exercised should be reduced from 24 months to 12 months... Second, Article 78(5) should be amended to allow in-kind consideration.”
SEE Contribution 28th Regime June 2026.pdf, page 9
Allow articles of association to include restrictions on share transfers such as pre-emptive rights and safeguards to protect company continuity, strategic assets, employment, know-how, and territorial anchoring.
“The articles of association may provide for restrictions on transfers of shares, including pre-emptive rights, approval requirements, lock-up clauses or other safeguards aimed at protecting the continuity of the company’s economic activity, its strategic assets, employment, know-how, research and innovation capacity or territorial anchoring.”
SEE Contribution 28th Regime June 2026.pdf, page 13
Grant employees or their representatives a pre-emption right to acquire shares or viable business activity before transfer to third-country persons that may threaten economic activity or EU strategic interests.
“Where a proposed transfer of shares would result... in the acquisition of control of the EU Inc. by a third-country natural or legal person... and where such transfer may lead to the discontinuation... of the company’s viable economic activity... the employees or their representatives shall have a pre-emption right to acquire the shares concerned or the viable business activity of the company.”
SEE Contribution 28th Regime June 2026.pdf, page 13
Include workers’ buyout mechanisms with employee pre-emption rights in closure, winding-up, and share transfer provisions to preserve viable economic activity and employment.
“SEE therefore calls for the EU Inc. Regulation to include workers’ buyout mechanisms in the relevant provisions on closure, simplified winding-up proceedings and share transfers. These mechanisms should be based on an employee pre-emption right.”
SEE Contribution 28th Regime June 2026.pdf, page 7
Ensure the 28th Regime fully preserves Union and national labour law, information and consultation, collective bargaining, employee participation, and protection in restructuring and insolvency contexts.
“The Regulation should fully preserve Union and national rules on labour law, information and consultation, collective bargaining, employee participation, transfers of undertakings and protection of workers in restructuring, liquidation and insolvency contexts.”
SEE Contribution 28th Regime June 2026.pdf, page 9
Prevent misuse by requiring effective preventive controls, transparency, and cooperation between authorities to avoid empty shell companies, letterbox companies, or abusive structures.
“SEE also supports robust safeguards to prevent empty shell companies, letterbox companies or abusive corporate structures. Fast-track and digital procedures should be accompanied by effective preventive controls, reliable beneficial ownership information, disqualification checks, transparency requirements and cooperation between business registers and relevant public authorities.”
SEE Contribution 28th Regime June 2026.pdf, page 9
Amend the Regulation to allow articles of association to restrict share transfers and to provide employee pre-emption rights to protect strategic interests and economic continuity.
Introduce employee pre-emption rights prior to solvent liquidation and simplified winding-up proceedings to enable employee-led transfers and preserve economic activity.
Ensure the 28th regime aligns with EU strategies supporting social economy and diverse enterprise models, reflecting their long-term orientation and societal impact in tax and regulatory frameworks.
“An open regime would align with EU strategies such as the Transition Pathway for Proximity and Social Economy, the Social Economy Action Plan and the Council Recommendation on developing social economy framework conditions.”
SEEs contribution 28th REGIME.pdf, page 3
Open source underneath
WhoShapedIt is a thin layer on open-source packages. Star them, fork them, build your own micro.
Open-source context and state for AI: it keeps only what matters for the question.
In WhoShapedIt: Reads every lobby submission and position paper and each official text, cut into passages, and judges each passage against nine questions (who can use EU Inc, workers on the board, tax…), so every ask and every step is read on the passages that address it.
Open-source Svelte components for clean, accessible interfaces.
In WhoShapedIt: The status, the timeline, the theme picker, the camps of lobbies and the organisation pages.
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