Restoring trust in audit and corporate governance - TUC response
Our submission focuses on a proposal to change the word ‘employee’ to ‘workforce’ throughout the Companies Act, so that its requirements cover the whole workforce, rather than only directly-employed employees as at present; reform of directors’ duties to remove shareholder primacy and require directors to promote the long-term success of the company as their primary aim; reform of board composition to require that worker directors comprise one third of the board at companies with over 250 workers; and sets out the TUC’s response to a number of the consultation questions.
Janet Williamson - 15 Jul 2021
Consultation response
