People are accusing Theresa May of making a U-turn over plans to put workers on company boards
Prime Minister Theresa May has said that the Government is preparing to take action to tackle problems with executive pay and accountability, and ensure employees have “a voice” in company boardrooms.
But in a speech to the Confederation of British Industry (CBI) conference, she made it clear that the planned changes will not include the direct appointment of workers or trade union representatives to boards – something many people feel is a bit of a backtrack over a previously made pledge.
Back in October at the Conservative Party Conference, May promised she would “have not just consumers represented on company boards, but workers as well”.
This plan was even reaffirmed in early November when a Downing Street spokesman told a Westminster briefing: “There is no change to our plan to have workers on boards.”
When asked if she had dropped plans for the direct appointment of workers on boards, the PM replied: “What I have clarified today is we have been very clear we want workers’ representation on boards.
“There are a number of ways in which that can be achieved. We are going to be consulting with business this autumn about how that can be achieved alongside other issues of corporate governance, and we will be working with businesses up and down the country to make sure that what we arrive at is the best model, the model that is going to work for everybody.”
Key figures on the left are not impressed.