Dim prospects for employees on boards
A worker representative in the boardroom is an option for companies under the UK’s new, revised governance code. A survey by ICSA reveals that other options will prove more popular.
Image: PopTika / Shutterstock
One of the current hot topics in the governance world is that of workers on boards. Like so many other issues in our society at the moment, this has become the focus of polarised debate.
Those who support the idea point to several reasons: the successful adoption of a works council or supervisory board model in a number of European countries; that employees are such a significant stakeholder in the activities and success of the company; and the belief that they will add value to the deliberations in the boardroom.
Some go further and regard the presence of workers on the board or, perhaps especially, the remuneration committee, as a pan
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Director performance and the ‘expectations gap’
Growing stakeholder pressure prompts changes in director recruitment, evaluation, and education, says Susan Stautberg of the WomenCorporateDirectors Foundation.
-
Opinions of the code: The good, the bad and the missed out
Revisions to the UK Corporate Governance Code, published in July, have sparked mixed reactions from commentators. One thing is clear: the new code won't please everyone.
-
The Secret NED on the trials of the remuneration chair
It's undoubtedly a tough job, especially in this pay-sensitive climate. So why would anyone want to be remuneration chair? The Secret NED mulls it over.
