Despite holding their Annual General Meeting in September, the Sports Direct board have unexpectedly called another general meeting for shareholders taking place today.
The revised version of the Code is the latest step in the government’s corporate governance reforms that started in July 2016 with the Prime Minister saying that she was going to put workers on company boards.
In our evidence to the Taylor Review, the TUC and trade unions argued that strengthening workers’ rights to voice in the workplace is key to addressing insecurity and exploitation at work.
The glaring omission of yesterday’s Corporate Governance Green Paper is its failure to include any proposals to deliver on Theresa May’s promise to put workers on company’s boards.
Theresa May, now the only candidate for the Conservative leadership, has called for company boards to include both workers and consumer representatives.