Theresa May’s proposals on governance have been described as “extraordinary” in some quarters while other commentators predict fierce resistance. But one thing is certain: the breadth and depth of her suggested reforms have caught UK business by surprise.
Nils Pratley, The Guardian “Big business—if pushed hard enough by a Tory prime minister—would probably swallow binding votes on pay and a block on takeovers deemed not to serve the national interest. “Advisory votes satisfy few; and, in practice, only a handful of companies might be affected by an end to the UK’s 'open doors' approach on takeovers. “But workers on boards? Expect company chairmen to splutter on their after-dinner brandies at the CBI’s next black-tie bash.” Ian McVeigh, head of governance, Jupiter Asset Management, Financial Times "Whatever the merits or otherwise of worker-directors, re