In the second webinar in our Policy Matters General Election series earlier today, we discussed Labour’s corporate governance and directors’ remuneration agenda, including proposals to:

  • “amend the Companies Act, requiring companies to prioritise long-term growth while strengthening protections for stakeholders, including smaller suppliers and pension funds”
  • “require one-third of boards to be reserved for elected worker-directors”
  • “introduce a broader ‘public interest test’ to prevent hostile takeovers”
  • “tackle late payments… including banning late payers from public procurement”
  • “separate audit and accounting activities in major firms and impose more robust rules on auditors”
  • that “up to 10% of a company will be owned collectively by employees…” through “Inclusive Ownership Funds (IOFs)”
  • that “any company that fails to contribute to tackling the climate and environmental emergency is delisted”
  • give workers “more control over executive pay”

(All quotes above are from the Labour party’s 2019 General Election Manifesto, published today.)

You can register here to listen to the recording of the session, and to join future Policy Matters webinars.

Sarah Hawes
Sarah Hawes
Head of Corporate Knowledge, UK
+44 20 7466 2953
Paul Butcher
Paul Butcher
Brexit Director
+44 20 7466 2844
Ben Ward
Ben Ward
Partner
+44 20 7466 2093
Mike Flockhart
Mike Flockhart
Partner
+44 20 7466 2507
Kiran Khetia
Kiran Khetia
Of Counsel
+44 20 7466 2419