Employees On Board

While I may not agree with much when it comes to Theresa May, I was pleased to hear her talk this morning about introducing employee representation at Board level.

If she's as good as her word, and it's managed fairly, a regular employee stake in the conversation could be hugely valuable, involving employees in decision making and helping to build strategic alignment and engagement across levels.

"...I want to see changes in the way that big business is governed. The people who run big businesses are supposed to be accountable to outsiders, to non-executive directors, who are supposed to ask the difficult questions, think about the long-term and defend the interests of shareholders. In practice, they are drawn from the same, narrow social and professional circles as the executive team and – as we have seen time and time again – the scrutiny they provide is just not good enough. So if I’m Prime Minister, we’re going to change that system – and we’re going to have not just consumers represented on company boards, but employees as well."
                     Theresa May, Birmingham, July 11, 2016

With the employee voice being postioned alongside the voice of the consumer, the C-suite might more fully appreciate the impact of the people service profit chain, and focus as much on the quality of their cultures as they do on the bottom line.