The TUC has welcomed the publication today (Monday) of the ‘Wates Principles’, a new code for the corporate governance of large private companies that was developed in consultation with stakeholders, including the TUC.
Included in the principles are recommendations that firms should:
TUC corporate governance officer Janet Williamson said:
“By putting the principle of workforce engagement into practice, firms can help ensure a fair and secure future for their workforce. Trade unions stand ready to work with firms so that workers can use their voices, experience and ideas to help a company’s leadership achieve long-term success. This will benefit the owners, the workers and the UK economy.”