Iron and Steel Act 1967

The Iron and Steel Act 1967 was an Act of Parliament of the United Kingdom, which regulated corporate governance in the iron and steel industries. It required that employees had voting rights for the board of directors.

Contents

Schedule 4, Part V, stated that the corporation was required to participate in discussions with the workforce. Under this provision, worker directors were introduced in 1969.

See also

• UK labour law
• UK company law

References

• Labour Party, Industrial Democracy (1967) §92
• E Ganguin, ‘B.S.C.’s worker directors take stock of their first year’ (25 June 1969) Financial Times
• Bacot, ‘Blue Collars in the Boardroom’ (May 1972) Bus Ad 88
• P Brannen, ‘Worker directors: an approach to analysis. The case of the British Steel Corporation’ in C Crouch and FA Heller, Organizational Democracy and Political Processes (Wiley 1983) vol I, ch 6