Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of recent recommendations by the TUC that allowing workers to sit on company boards would encourage the long-term success of individual firms.
There are advantages and disadvantages in allowing workers to sit on company boards, several of which are explored in the TUC’s recent paper, All Aboard: Making worker representation on company boards a reality. Broader views on the potential merits of this approach and other options for encouraging employee engagement, will be invited as part of a discussion paper that the Government intends to publish later this year on corporate governance.