Bill Type
Congress Name
Long Title
AN ACT MANDATING AND INSTITUTIONALIZING PROFIT SHARING IN ALL BUSINESS ENTERPRISES IN THE COUNTRY TO ENHANCE LABOR PRODUCTIVITY AND SOCIAL EQUITY
Date filed
May 24, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04360 |
| FULL TITLE : AN ACT MANDATING AND INSTITUTIONALIZING PROFIT SHARING IN ALL BUSINESS ENTERPRISES IN THE COUNTRY TO ENHANCE LABOR PRODUCTIVITY AND SOCIAL EQUITY |
| ABSTRACT : The measure seeks to institutionalize a profit-sharing scheme between management and labor whereby at least 10% of the gross income shall accrue as benefits and be equally distributed to the work force. |
| PRINCIPAL AUTHOR/S : ROBERT "DODOT" JAWORSKI, JR. |
| DATE FILED : 2005-05-24 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 2005-05-30 |
Abstract
The measure seeks to institutionalize a profit-sharing scheme between management and labor whereby at least 10% of the gross income shall accrue as benefits and be equally distributed to the work force.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.