Shareholder group Pirc which advises pension funds is pressing for worker representatives to sit on company boards to 'act as a counterweight to entrenched interests'
Worker representatives should sit on company boards as part of a wide-ranging revamp of the way big companies are run in the wake of the economic meltdown and near-collapse of the world banking system, a shareholder activist group says .
Alan MacDougall, head of Pirc, which advises pension funds responsible for assets worth £1.5tn, says employees should be elected to company boards "and act as a counterweight to entrenched interests" in much the same way as workers are represented at the top of leading companies in Germany.
German firms have a dual board structure with a supervisory arm consisting of a range of community and trade union interests, while the executive board is dominated by senior management.
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