Ban on Stock Buybacks and Worker Representation on Corporate Boards
This bill aims to significantly change how large companies operate. Its main goal is to restrict companies from buying back their own shares, which could impact market stability and how companies manage their finances. Additionally, the bill mandates that employees have representatives on company boards, potentially giving them more influence over decisions affecting their jobs and working conditions.
Key points
Stock Buyback Ban: Public companies will be prohibited from purchasing their own shares on the open market. This could alter how companies use their profits, potentially directing them towards investments or wage increases instead of boosting stock value.
Worker Representation on Boards: At least one-third of the directors on large company boards must be chosen by employees. This gives employees a direct voice in strategic company decisions, impacting their rights, working conditions, and overall job security.
Expired
Citizen Poll