I have a blog in The New Statesman, entitled Workers on boards was an enlightened idea – Theresa May should have stuck to it. It sets out the TUC’s comments on the government’s corporate governance proposals, after our initial response described the proposals as feeble. And in the Guardian, TUC General Secretary Frances O’Grady and the Adam Smith Institute’s Sam…
In our evidence to the Taylor Review, the TUC and trade unions argued that strengthening workers’ rights to voice in the workplace is key to addressing insecurity and exploitation at work. So was the Taylor Review listening? “The Review believes that for work to be fair and decent, workers must have a voice.” A good…
The BEIS Parliamentary Committee reports today on its corporate governance inquiry launched last autumn. There is much to welcome in its recommendations, which span workers on boards and remuneration committees, board diversity, executive pay, private companies, directors’ duties and enforcement. Here we set out the Committee’s main recommendations, and where we think they should go…
The glaring omission of yesterday’s Corporate Governance Green Paper is its failure to include any proposals to deliver on Theresa May’s promise to put workers on company’s boards. On other issues, it includes a few sensible suggestions, but these are wedged between others that would make little or no difference to the status quo. Given…
The government’s Green Paper on corporate governance is expected today (Tuesday 29th November) and should include the government’s proposals for putting into practice the Prime Minister’s repeated commitment to have workers represented on company boards. As I blogged last week, there are three key tests by which the TUC will judge the government’s proposals for putting…
Speaking immediately before the #Autumn Statement to a packed House of Commons, the Prime Minister clearly said that the government would bring in worker representation on company boards: I believe that we should see workers’ representation on boards. I make no apology for the fact that this Government are going to deliver on that. This…
The Prime Minister used her speech to the CBI this morning to appear to dilute her previous commitment to put workers on company boards. If this is the case, it represents a huge missed opportunity to put in place a different model for British business, which would bring benefits for companies, for working people and…
Speaking today at the Conservative Party Conference, the Prime Minister repeated her commitment to introduce worker representation on company boards. The TUC has just published a new report All Aboard that sets out proposals for making this a reality, arguing that laws to put worker board representation into practice could be on the statute book…
Government figures out today show that total bonuses across the economy have reached the highest level ever, surpassing the previous high seen just before the financial crash in 2007-8. While the financial sector accounts for nearly one third of the total, the rate of increase in total bonuses has been faster in the rest of…
UPDATE: The vote is in and 53% of the independent Sports Direct shareholders voted against management and called for an independent investigation. That’s a record level of support for an employment-related resolution in the UK. The final vote still won’t pass as Ashley himself owns 55% of Sports Direct shares, but it’s a major win for the…