In December 2016, the government released a discussion document (or ‘Green Paper’) exploring the viability of workers on boards, pay ratios and corporate governance standards. The green paper suggests the following changes:

  • Giving greater voice to employees and consumers in the boardroom
  • Measures that increase the connection between boardroom directors and other interested groups such as employees and small suppliers
  • Options for increasing shareholder influence over ensuring executive pay is aligned to long-term performance
  • Considering whether features of governance standards for listed companies should be extended to the largest privately-held companies