Mind your business? Expanding democratic business in the UK

Should a petition to host such a referendum be signed by at least 5% of the company’s employees, the company would be legally required to either (i) host a referendum among all of the company’s employees on whether the employees of the company should have the right to elect one of the company’s board members, or (ii) give the employees of the company the right to elect one of the company’s board m. [...] If a supermajority of 66.6% of those who vote in the referendum votes in favour of the employees of the company having the right to elect one of the company’s board members, the company should be legally required to grant its employees said right. [...] Recommendation seven: Strengthen the ‘Community Right to Bid’ to include a broader range of assets, preferential treatment for the bid for the seller of the asset and Stamp Duty exemption for the purchaser of the asset. [...] 37 Mind your business? Although the interviews were informal, and so, the interview guide was only used as an aid, the guide is included in the Annex, in order to give a sense of the kind of questions that were asked and the flow of the conversations. [...] As such, the democratisation of a business can be increased twofold: by increasing the proportion of those affected by the business in the business’ decision-making process; and by increasing the equality of those affected by the business in the business’ decision-making process.