If you want to know how to run a company better, ask employees. But America’s corporate boards aren’t asking.
In other parts of the world, workers have seats on the corporate boards that decide how to run a company. In Germany, it’s perfectly normal to see half the members of the board be workers. In the United States, it’s unheard of.
A new bill from Senator Tammy Baldwin (D-WI) wants to give power back to the workers.
The Reward Work Act requires that public companies allow one-third of their board to be elected by workers, to make for healthier decision-making.