Premium
A Trade Union Congress Perspective on the Company Law Review and Corporate Governance Reform since 1997
Author(s) -
Williamson Janet
Publication year - 2003
Publication title -
british journal of industrial relations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.665
H-Index - 70
eISSN - 1467-8543
pISSN - 0007-1080
DOI - 10.1111/1467-8543.00285
Subject(s) - shareholder , corporate governance , stakeholder , corporate law , work (physics) , government (linguistics) , trade union , labour law , business , industrial relations , perspective (graphical) , law reform , accounting , economics , law and economics , law , finance , political science , management , international trade , mechanical engineering , linguistics , philosophy , engineering , artificial intelligence , computer science
This article examines the Company Law Review and other corporate governance reforms introduced by the Labour government since 1997. It argues that an opportunity has been missed to implement fundamental change by giving employees and other key stakeholders rights in companies equal to those of shareholders. However, reforms that aim to make the existing system work better by promoting responsible shareholder activity have been introduced, and proposals to increase company disclosure on employee and other stakeholder relationships are in the pipeline. The potential of the reforms to offer trade unions new tools for promoting workers’ interests is examined.