Theresa May’s Plan to Put Workers in Boardrooms is Extraordinary

Who would select the employee representatives – the bosses or the workers? There is a big difference between the two versions. Would the reform apply to all companies, or just those over a certain size? Would adoption be compulsory? What would be the penalty for non-compliance? Critics will also argue – with some force – that the German model is not as shiny as it once seemed. Boardroom pay appears as wild in Germany as it does in the UK and the emissions scandal at Volkswagen has exposed a cosy set-up in which the executive class secured mega-bucks bonuses by sweet-talking the unions with employment guarantees. Mutual back-scratching – the ill May correctly identifies in UK boardrooms – can take different forms.

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