Corporate Governance Inquiry in the UK: Are Employee Representatives Coming to the Boardroom?
The Business, Innovation and Skills House of Commons Select Committee has launched an inquiry on corporate governance, focusing on directors’ duties, executive pay and the composition of boards. Interestingly, the inquiry raises the question, “Should there be worker representation on boards and/or remuneration committees?”. This echoes Theresa May’s speech on 11 July when she said “…and we’re going to have not just consumers represented on company boards, but employees as well.”. Is this a sign of things to come?
Submissions are requested by 26 October 2016.