Board Diversity: consumer and employees on BoardsWorker and Consumer Representation on Boards - Which Route should the UK Take? - International Banker, UK
Francesco Surace from Morrow Sodali comments on International Banker on the new UK Prime Minister, Theresa May, that has taken a stand on her views for business reform. She has vowed to enforce worker representatives on boards as part of her vision of “putting people back in control”. While this would be a new obligation for businesses in the UK, a number of countries in the European Union (EU) have already passed legislation to enforce this governance approach. Theresa May will also need to identify what will be required to enforce worker representation on Boards. There are currently different models across the EU’s 28 member states, and the UK will need to decide which approach is most suitable.