LSE Department of Management response to DBEIS Green Paper, Corporate Governance Reform, November 2017

This response to the Corporate Governance Green Paper is based on the discussions at a Workshop at the London School of Economics on February 6th and 7th 2017. This was organised to obtain a better understanding of where the evidence stands on some critical aspects of corporate governance, specifically employee representation and senior executive pay, and to discuss the policy implications. We organised the workshop into sessions on board diversity (including worker membership of boards); employee consultation; employee participation and board pay; each with a focus on company productivity. We assembled a group of scholars and practitioners who have analysed a variety of experiences; UK, US, Japan, Germany, Nordic, as well as several emerging markets. This response represents a distillation of our discussions.