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Luke Hildyard

The Independent View: Employee ownership makes economic sense

By Luke Hildyard | Fri 21st September 2012 - 4:19 pm

While Labour and the Tories debate how to reinvigorate their annual party conference programme, the Liberal Democrats democratic policymaking structure means that debates at their conference remain engaging and relevant. And with the party now in Government, the journey from the Conference floor to the statute book is rather more direct than has previously been the case.

This means that over the next few weeks, the Lib Dem gathering in Brighton is the most likely place for progressive yet plausible policy ideas to get a hearing. The Social Liberal Forum’s motion 106 on employee ownership, to be debated on Monday 24th September from 09:05-11:05, is a particularly good example. The motion calls for a number of radical measures relating to the stewardship of large companies (>250 employees) including:

• The right for employees of listed companies to request 5% of company shares
• A role for employee representatives in major corporate decisions, including conditions of employment; Director’s pay; and the strategic direction of the company
• The right for companies to implement German-style two-tier board structures, with a supervisory board (including a shareholder’s representative) and a management board (including a worker’s representative).

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Posted in Conference, Op-eds and The Independent View | Also tagged and | 6 Comments
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