Worker representation is essential

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As the Guardian has reported:

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.

Absolutely essential right now.

Let’s start with the nationalised banks.