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Worker Representatives on Corporate Boards in Sweden

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BayCityProgressive Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-03-07 06:54 PM
Original message
Worker Representatives on Corporate Boards in Sweden
http://eurofound.europa.eu/emire/SWEDEN/ANCHOR-STYRELSEREPRESENTATION-SE.html

Why can't we have something like this here? Wouldn't you just die if a mainstream Democrat proposed this?

In Swedish law the right of employees to some form of presence in the enterprise's decision-making body extends over the whole labour market, but the rules on the matter differ for private and public employment.

In the private sector, employee representation on the board of directors was first introduced in 1972. The current Act on Private-Sector Employee Representation on the Board, enacted in 1987, applies to all companies with 25 or more employees in which a collective agreement concluded with a union is in force. It takes in joint-stock companies, banks, insurance companies and co-operatives. The employee side elects two members to the board (three in companies with over 1000 employees). However, this number must not exceed the number of other board members, which means that employee members can never be in the majority and are usually in the minority. Where the company is a parent company, corresponding rules apply for the corporate group as a whole and the right to representation at board level extends to all employees within the group. The employee board members are elected by established unions, which also fix their term of office; they must be employees of the company concerned and may not, without permission, be members of another company's board. They have a right to vote and have essentially the same standing as other board members in other aspects as well. An exception applies as regards certain, but not all, matters concerning the company's relations with the employee side. One of the members usually has the right to attend and participate in discussions in the company's executive committee, management board or the like.

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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-03-07 07:07 PM
Response to Original message
1. Team-building all the way to the boardroom. Those communists!!!
If they don't watch out, they're going to end up with solid company loyalty and a bulletproof business.
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BayCityProgressive Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-03-07 07:14 PM
Response to Reply #1
2. funny thing is
this is a cool progressive idea and works there. If Venezuela proposed this, there would be 30 posts here already saying it was the end of civilization, the return of Mao, ect ect.
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