Theresa May has watered-down on her Tory leadership campaign pledge to install worker representation on company boards.
Speaking to the CBI’s conference in London this morning, the prime minister said firms would not be forced to do it if they did not want to.
“While it is important that the voices of workers and consumers should be represented, I can categorically tell you that this is not about mandating works councils, or the direct appointment of workers or trade union representatives on boards,” she told business leaders.
“Some companies may find that these models work best for them – but there are other routes that use existing Board structures, complemented or supplemented by advisory councils or panels, to ensure all those with a stake in the company are properly represented. It will be a question of finding the model that works.”
In July, May used her most high profile Conservative Party leadership campaign speech to say:
“If I’m Prime Minister, we’re going to change that system – and we’re going to have not just consumers represented on company boards, but employees as well.”
TUC General Secretary Frances O-Grady said “workers on boards” should mean “workers on boards”.
Article source: http://www.huffingtonpost.co.uk/2016/11/21/theresa-may-set-to-u-turn-on-workers-on-boards-pledge_n_13121502.html?utm_hp_ref=uk-politics&ir=UK+Politics