Theresa May Reverses Promise to Put Workers on Company Boards

Beastrabban\'s Weblog

Mike yesterday put up a piece about Theresa May dropping her proposal to put employees on company boards. According to the Guardian yesterday, May said

“While it is important that the voices of workers and consumers should be represented, I can categorically tell you that this is not about mandating works councils, or the direct appointment of workers or trade union representatives on boards,” the prime minister told a packed room in central London.

“Some companies may find that these models work best for them – but there are other routes that use existing board structures, complemented or supplemented by advisory councils or panels, to ensure all those with a stake in the company are properly represented. It will be a question of finding the model that works.”

Mike points out that companies are already required to ‘regard the interests of their employees’, according to Labour’s Companies Act of 2006…

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