Much has been written in the press about the Prime Minister’s statements on corporate governance and, in particular, on plans to have worker and consumer representatives on boards, which she referred to in her speech at the Conservative party conference on 5 October and during a press conference on 5 September at the G20 summit in China, among others.
Theresa May indicated that government proposals on corporate governance reform would be brought forward in the autumn and so a consultation is expected shortly. Separately, the Business, Energy and Industrial Strategy House of Commons Select Committee launched an inquiry into corporate governance in September, the terms of reference of which included examining if there should be worker representation on boards and remuneration committees and, if so, in what form. Continue reading
