Foreign-based employees of German companies could be given a voice on supervisory boards under proposals on the future role of workers in corporate decision-making in Europe’s largest economy.
The change, due this autumn and which would affect over 700 of Germany’s biggest companies, will be on the agenda on Wednesday at a conference in Berlin on co-determination.
Chancellor Angela Merkel is expected to demand reforms to landmark laws adopted 30 years ago that allow employees to take half the seats on supervisory boards of large companies.
Kurt Biedenkopf, chairman of the high-level commission on co-determination, told the Financial Times that trade union and business representatives in the commission “recognise that an ever increasing number of companies have an ever increasing number of staff in other countries”.
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