Labour for Co-determination

Let workers elect representatives to company boards!

The Tories promised in 2016 to change the law, but haven't delivered.

A Labour govt could make it happen.

[Labour for Co-determination @WorkerDirectors]

We are members of @UKLabour who support co-determination - the right of workers to elect representatives to the board of directors in their company.

https://t.co/mF8SskNTYH

[Mathew Lawrence @DantonsHead]

New report with @KhemRogaly

The UK is a clear outlier for worker participation rights.

Weak rights are linked with poor economic outcomes in key metrics.

Addressing the stagnation and inequality that defines the UK economy requires democratising power in the company.

[Common Wealth @Cmmonwealth]

Workers in the UK lack many of the guaranteed rights & institutions, from representation on company boards to strong collective bargaining, that are taken for granted across Europe.

Our outlier status is associated with poor economic performance across a range of key indicators.

[Common Wealth @Cmmonwealth]

🚨 NEW: The UK ranks third worst in Europe for employee participation rights 🚨

@DantonsHead and @KhemRogaly analysis finds that where economic democracy is strongest, economies perform best; where it is weak, they perform poorly.

https://t.co/gtFWdHjEbs

[Prem Sikka @premnsikka]

The root cause of the cost-living-crisis is inequality & uncontrolled corporate power.
Must democratize corporations, secure equitable distribution of income.
Need workers on company boards, Workers/Consumers to vote on executive pay, end exec bonuses.
https://t.co/BVpdRxy0Z6

[Labour for Co-determination @WorkerDirectors]

Great to read that worker representation on company boards is apparently part of the Levelling Up agenda of shadow communities secretary @lisanandy: https://t.co/bD57dLJwa8

[Labour for Co-determination @WorkerDirectors]

Good to see worker representation on company boards as a recommendation.

[ThinkLabour @ThinkLabour]

From workplaces to public services, from online platforms to statecraft, power is fundamentally shifting and changing.

Read our new report with @CompassOffice about how a new government must adapt to meet this moment 👇
https://t.co/du8HnLZOex

[Labour for Co-determination @WorkerDirectors]

“Stakeholder governance provides a check on both directors’ and shareholders’ actions in a way that traditional company boards—no matter how full of “independent” directors—cannot match.” #codetermination

https://t.co/Hhv7rwfo7k

[Labour for Co-determination @WorkerDirectors]

@UKHomosexual Unfollowed. Thanks for highlighting this.

[Left Foot Forward @LeftFootFwd]

A failure to tame corporate power has been a disaster for society. 'The veil of incorporation enables corporations to indulge in practices which a natural person would not be able to get away with so lightly', writes @premnsikka

https://t.co/qdTM8Oy5OW

[Labour for Co-determination @WorkerDirectors]

A welcome call for a Covenant that includes “the reform of corporate governance in companies with more than 50 employees, with at least two elected employees sitting on the board, and similar representation on remuneration committees”. 👏 @JonCruddas_1 @LabourTogether

[LabourList @LabourList]

"These are the building blocks for a more secure and prosperous society. Labour's Covenant puts reciprocity at the centre of political economy and social reform."

@JonCruddas_1 on @LabourTogether's paper setting out the political renewal of Labour: https://t.co/ZivMA135Dg

[Labour for Co-determination @WorkerDirectors]

It is good to see strong support for greater democracy at work in the new @LabourTogether report, “Labour’s Covenant: A Plan for National Reconstruction”. https://t.co/ZLdiGnSkNg

[Common Wealth @Cmmonwealth]

Our corporate governance system encourages firms to prioritise shareholder returns rather than increase real wages & investment.

We need to:

📋🖋 Democratise governance
⚖️ Empower workers to reclaim their fair share
🔎 Ensure transparency

More below👇

https://t.co/hAZcFP6eJ7

[Trades Union Congress @The_TUC]

NEW 🚨: 76% of workers support a legal obligation for businesses to give equal weight to the interests of their staff as their shareholders.

[Labour for Co-determination @WorkerDirectors]

Chile's new president Gabriel Boric is a supporter of the right of workers to elect representatives to company boards 💘🌹👏

[Labour for Co-determination @WorkerDirectors]

Majority support here for union recognition, collective bargaining, and worker representation on company boards... #codetermination

[Stats for Lefties 🍉🏳️‍⚧️ @LeftieStats]

📊 POLL: Gig economy platforms should...

[Negotiate with unions]
✅Agree: 57%
❌Disagree: 20%

[Have worker reps on boards]
✅Agree: 60%
❌Disagree: 19%

[Be nationalised if don't offer workers fair pay]
✅Agree: 49%
❌Disagree: 25%

Via @Survation / @TowardsFairWork, 21-22 Oct

[Labour for Co-determination @WorkerDirectors]

Sadly neither worker directors nor works councils are listed here… maybe next year? 🤔

[LabourList @LabourList]

Every new (and old) policy announced in speeches at Labour conference 2021. Our handy guide: https://t.co/oYMlCBHJKY

[Labour for Co-determination @WorkerDirectors]

A good policy from #Lab21

[The Labour Party @UKLabour]

BREAKING: Labour's Fair Pay Agreements would give working people a pay rise and boost our economy.

Labour would bring together representatives from workers and employers to agree minimum pay and conditions in their industry.

Good for working people. Good for business.
#Lab21

[BBC Newsnight @BBCNewsnight]

"We are in favour of common ownership absolutely... Starmer said this in the leadership campaign - we haven't changed that commitment."

- Shadow business secretary Ed Miliband on Labour supporting public ownership of energy, water and transport.
@Ed_Miliband | #Newsnight

[Andy McDonald MP for Middlesbrough & Thornaby East @AndyMcDonaldMP]

Millions of workers are in insecure employment with low pay and few rights or protections.

@JohnHendyQC's Status of Workers Bill will create a single status of ‘worker’ for all but the genuinely self-employed, giving them the security they deserve with full rights from day one.

[Jonathan Reynolds @jreynoldsMP]

To tackle the endemic levels of in-work poverty in the UK, we need a new deal for working people.

Today, I’ll be outlining how @UKLabour’s replacement for Universal Credit will allow people on low incomes to keep more of the money they earn

https://t.co/V50VWxxDqI