Sunday, January 16, 2022

British boardrooms fail to engage with workers. That hurts investors

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IIt is fairly common these days for companies to have directors charged with overseeing ‘worker engagement’, among other things.

Asking an existing non-executive board member to take care of it was the simplest and least radical option offered when former Prime Minister Theresa May decided to give staff a voice in the boardroom, but none gave the reforms teeth . So of course it was the one they were holding on to.

For the record, the others were: establishing a workers’ council (clunky); create a worker director (no, the horror!); or explain why you should be allowed to ignore the rules. The latter makes unnecessary fuss considering you always looked like a cop. So it has proven itself.

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