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In many developed countries, especially in the USA and UK, different models of employee shareholding and other forms of financial participation of employees exist that make up the overall operative results, so that employees have a right to participate in the earned profit, but also to participate in the organization of the business and decision making on various levels. By including workers in the ownership of the company, traditional interests of workers, management and owners of the company are changing. According to the agency theory, the goals of the workers are identified as being identical to those of the owners. By enabling workers to participate in business decision making, they can have more impact on safety protection issues of the company. Studies have also shown that employee shareholding impacts safety and work protection, and there seems to be a connection between employee shareholding and fewer sickleave days. However, there are also other possible adverse effects such as burnout syndrome and more workplace injuries caused by excessive strain at work. The paper investigates the impact of the mentioned model of employee decision making to issues of safety and protection of work. [ABSTRACT FROM AUTHOR]