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Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
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Originally Posted by Adder
I definitely think that the makeup of corporate boards is a big part of what ails the American economy. From mutual back scratching leading to inflated executive pay to excessive-focus on deals and the short term to tax-strategy focused decision-making.
I haven't looked into the details, but doesn't Warren have a plan for worker representation? That seems like an obvious first step reform, to the extent that it can be imposed federally (it's only for listed companies). I'd be interested in other ideas to diversify board membership but nothing obvious springs to mind.
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40% of seats on boards would be workers, I think. Copies Germany.
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