The Profit-Sharing and Company Governance (Employees' Participation) Bill 2015-16 received its first reading in the House of Commons earlier this week: see here. Introduced by Gareth Thomas MP as a Ten Minute Rule Bill, under Standing Order 23, its purpose is (in very general terms) to require employee representation on company boards and profit sharing amongst employees.
A copy of the Bill has not yet been published (as is common with Private Members' Bills at this stage in the parliamentary process) but this will be done nearer the time of second reading (scheduled for 11 March). The short speech delivered by Mr Thomas on introducing his Bill can be read here. Without Government support the Bill is unlikely to become law; it will, nevertheless, provide an opportunity for debate. The Bill's progress can be followed here.
Thursday, 28 January 2016
UK: The Profit-Sharing and Company Governance (Employees' Participation) Bill 2015-16
The Profit-Sharing and Company Governance (Employees' Participation) Bill 2015-16 received its first reading in the House of Commons earlier this week: see here. Introduced by Gareth Thomas MP as a Ten Minute Rule Bill, under Standing Order 23, its purpose is (in very general terms) to require employee representation on company boards and profit sharing amongst employees.
A copy of the Bill has not yet been published (as is common with Private Members' Bills at this stage in the parliamentary process) but this will be done nearer the time of second reading (scheduled for 11 March). The short speech delivered by Mr Thomas on introducing his Bill can be read here. Without Government support the Bill is unlikely to become law; it will, nevertheless, provide an opportunity for debate. The Bill's progress can be followed here.
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