Quelle: picture alliance/imageBROKER
28 January 2021: 7th Workers' Voice Breakfast
Employee representatives in supervisory board can be an important asset on the road towards a more sustainable corporate governance.
Sustainable corporate governance is an issue which is currently highly debated on the European and national level. The European Commission just launched a consultation dealing with how to strengthen sustainability in corporate governance in order to create long-term value. In that sense competitive sustainability can contribute to the COVID-19 recovery and to the long-term resilience and development of companies. Employee representatives in supervisory board can be an important asset on the road towards a more sustainable corporate governance.
Debating sustainable corporate governance also leads to the (judicial) discussion about the company’s interest which is shaped mainly on national level. In Germany, one can find a pluralistic model while in Anglo-American countries there is a stronger emphasis on a shareholder-based approach to the company’s interest. Moreover, there are also supranational approaches to strengthen social responsibility for example when it comes to reporting requirements (non-financial reporting directive) which can be seen as correcting initiatives to a mainly shareholder orientated managing behavior.