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Half the supervisory board in state-owned companies. Slovenia: 1991 Constitution art 75, and 1993 law. 50% - 33.3%: 50: Between a third and a half of seats in companies with supervisory board plus management board member if more than 500 employees; around a third in companies with single tier board Spain: Law 41/1962, repealed 1980: 0%: N/A
In joint stock company (S.A.), the appointment of the Supervisory Board is mandatory regardless of the share capital, size, and the number of shareholders. The competences of the Supervisory Board are broad and include both the oversight of the management board’s activities and the performance of specific control tasks.
Board structures and procedures vary both within and among OECD countries. Some countries have two-tier boards that separate the supervisory function and the management function into different bodies. Such systems typically have a "supervisory board" composed of nonexecutive board members and a "management board" composed entirely of executives.
A company wide codetermination referendum would be held in firms with over 2000 employees, with the entire workforce voting. After approval, only union members would be able to vote for candidates to the supervisory board. Shareholders and unions would appoint x representatives each.
It applies to public and private companies, so long as there are over 2,000 employees. For companies with 500–2,000 employees, one third of the supervisory board must be elected. There is also legislation in Germany, known as the Betriebsverfassungsgesetz whereby workers are entitled to form Works Councils at the local shop floor level.
Employees and national unions have equal representation on the supervisory board with the stockholders, but the board’s chairman must be a stockholder who has a tie-breaking vote. [5] The principle is to have almost equal representation between employee representatives and shareholder representatives on the supervisory board (Aufsichtsrat ...