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🇪🇺 Europe · EuropeWorks council
Also called: Betriebsrat, employee representation
In one line
An elected body representing employees in many European companies, which may need to be consulted on compensation matters.
In plain English
Common in Germany, the Netherlands and elsewhere, works councils give employees a formal voice. They can be involved in how equity and compensation schemes are designed, though not usually your individual sale.
If you were explaining it to a 5-year-old
A group of elected helpers who speak up for all the kids when the club makes big decisions about rewards.
Why it matters when you sell
Works councils mainly shape plan design rather than individual secondaries, but they're part of the European equity landscape.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
Primary references for this term: Gesetze im Internet (Germany). Our definitions are written in plain English and kept evergreen — see the glossary methodology. General information, not advice.
Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.