To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
There is a need for stronger employee voice on boards to ensure long-term business success. In this report we present the government with two options of how employee voice can be increased in company governance structures. Either employees can work as directors on the board, or as an alternative, companies would set up employee advisory panels with strong channels of communication to the board.
The government has made a prominent pledge to reform corporate governance in the UK. As part of this, Theresa May has put employee representation on boards at the forefront of these discussions. However, the reaction from business is usually that this would never work here. We need to be more open minded. Our research and discussions with business leaders in other European countries suggests there are many benefits that should not be ignored. We therefore put forward a practical and flexible solution that would capture these benefits in a manner that would work in the UK.
We argue that the most sensible way forward would be to require companies to increase employee voice but to allow for flexibility on the adaptation. This would be in tune with the UK’s long history of driving innovation in corporate governance through flexibility.
Mark Goyder, chief executive and founder of Tomorrow’s Company comments:
“Tomorrow’s Company has long argued for a stronger employee voice on boards. But it is important that any change made by government strengthens the UK’s unitary board on which all directors work together to promote the long term success of the company. Flexibility and practicality are vital: our report shows the PM how she could use the reforms to stimulate real culture change.”
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
In January 2020, Tomorrow's Company co-hosted a major Financial Inclusion Summit, to launch our report into the role of employers...
Mental health in the workplace has gone from a fringe idea to being mainstream and top of the agenda in…
Dear Readers, Here are a few articles published in the last few days that address issues – such as mental…
We need a social contract that is fair, so that everyone has the chance to progress.
Joining Russell Goldsmith at the London offices of GSK to discuss this issue, were Kerry O'Callaghan, VP for Global Brand...
Tomorrow’s Company is proud to announce a partnership with the c suite podcast, a monthly show covering topics such as Marketing…
Press return to search