The UK is about to stop shareholders monopolising votes for company boards, with worker voice. Asset managers control most shareholder votes in public companies through ‘other people’s money’. They have systemic conflicts of interest, because shareholder votes may influence companies to buy asset managers’ financial products (eg pension schemes). This enables mass self-dealing.
In spite of clear popular support, Iceland's new crowd-sourced constitution was recently killed by politicians. An ex-member of the constitutional council sheds some light on what happened - and why there might still be some hope for this unique experiment. (Thorvaldur Gylfason)
What the future holds in store and what will be the fate of the bill for a new constitution is hard to say at this point in time. But what is evident is that the battle of “who owns Iceland” is being fought and is at its high water mark. There is much at stake. (Thorhildur Thorleifsdottir)
This Saturday, a year after a Constitutional Council has written a draft constitution with the help of citizens, voters agreed this draft should be the basis for a new constitution. This writing experiment stands out for its surprisingly democratic process, but a closer look reveals some of its limitations. (Giulia Dessi)
Stronger participation is a step towards sustainable corporate governance in the economic, social and ecological dimension, which in itself is a step towards a sustainable company. The ETUC reiterates its call for a strengthening and broader scope of the information and consultation procedures, in particular by a revision of the general framework directive, but also of the participation rights in the Member States where such rights exist.
What kind of message are we sending about the viability these democratic ideals—about openness, transparency, public participation, public collaboration? How hollow must American exhortations to democracy sound to foreign ears? Mr Snowden may be responsible for having exposed this hypocrisy, for having betrayed the thug omertà at the heart of America’s domestic democracy-suppression programme, but the hypocrisy is America’s.
Workers' participation at board level in the European Company (SE). SEEurope produces a mix of country reports and articles on specific topics in this context. The information on the website will be regularly updated and expanded.