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Capital And Labor Partnership
Worker representation on corporate boards of directors, also known as board-level employee representation (BLER), refers to the right of workers to vote for representatives on a board of directors in corporate law. In 2018, a majority of Organisation for Economic Co-operation and Development, and a majority of countries in the European Union, had some form of law guaranteeing the right of workers to vote for board representation. Together with a right to elect work councils, this is often called codetermination. The first laws requiring worker voting rights include the Oxford University Act 1854 and the Port of London Act 1908 in the United Kingdom, the Act on Manufacturing Companies of 1919 in Massachusetts in the United States (although the act's provisions were completely voluntary), and the Supervisory Board Act 1922 (''Aufsichtsratgesetz 1922'') in Germany, which codified collective agreement from 1918 and expanded it in the 1976 Mitbestimmungsgesetz. Overview There are three ...
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Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ...
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Conservative Party Of Canada
The Conservative Party of Canada (CPC; , ), sometimes referred to as the Tories, is a Government of Canada, federal List of political parties in Canada, political party in Canada. It was formed in 2003 by the merger of the two main Right-wing politics, right-leaning parties, the Progressive Conservative Party of Canada, Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canada, Western Canadian–based Reform Party of Canada, Reform Party. The party sits at the Centre-right politics, centre-right to the Right-wing politics, right of the Politics of Canada, Canadian political spectrum, with their federal rival, the Centrism, centre to Centre-left politics, centre-left Liberal Party of Canada, positioned to their left-wing politics, left. The Conservatives are defined as a "big tent" party, practicing "brokerage politics" and welcoming a broad variety of members, including "Red Tory, Red Tories" and "Blue Tory, Blue ...
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2021 Canadian Federal Election
The 2021 Canadian federal election was held on September 20, 2021, to elect members of the House of Commons of Canada, House of Commons to the 44th Canadian Parliament. The Writ of election, writs of election were issued by Governor General of Canada, Governor General Mary Simon on August 15, 2021, when Prime Minister of Canada, Prime Minister Justin Trudeau requested the Dissolution of parliament in Canada, dissolution of parliament for a snap election. Trudeau won a third term as prime minister, his second minority government. Though the Liberal Party of Canada, Liberals were hoping to win a majority government in order to govern alone, the results were mostly unchanged from the 2019 Canadian federal election. The Liberals won the most seats at 160; as this fell short of the 170 seats needed for a majority in the House of Commons, they formed a minority government with support from other parties. The 2021 election set a new record for the lowest vote share for a party that wo ...
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UK Corporate Governance Code
The UK Corporate Governance code, formerly known as the Combined Code (from here on referred to as "the Code") is a part of UK company law with a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. It is overseen by the Financial Reporting Council and its importance derives from the Financial Conduct Authority's Listing Rules. The Listing Rules themselves are given statutory authority under the Financial Services and Markets Act 2000 and require that public listed companies disclose how they have complied with the code, and explain where they have not applied the code in what the code refers to as 'comply or explain'. Private companies are also encouraged to conform; however there is no requirement for disclosure of compliance in private company accounts. The Code adopts a principles-based approach in the sense that it provides general guidelines of best practice. This contrasts with a rules-based approach which rigidly defines e ...
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Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management. In December 2018, an independent review of the FRC, led by Sir John Kingman, recommended its replacement by a new Audit, Reporting and Governance Authority, a recommendation that the government agreed to follow in March 2019 but later delayed. Ireland adopted the FRC's auditing framework in 2017. Structure The FRC is a company limited by guarantee, and is funded by the audit profession, who are required to contribute under the provisions of the Companies Act 2006 and by other groups subject to, or benefitting from FRC regulation. Its board of ...
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National Health Service Act 2006
The National Health Service Act 2006 (c. 41) is an act of the Parliament of the United Kingdom. It sets out the structure of the National Health Service in England. It was altered and completely renumbered by the Health and Social Care Act 2012c 7. Contents Sections 1(1) and (2) replace the corresponding provisions in section 1(1) of the National Health Service Act 1977. Section 1(3) replaces section 1(2) of that Act.Table of Origins, p. 1 See also * British enterprise law * National Health Service (England), the national healthcare system overhauled by the bill. ;Legislation * National Health Service and Community Care Act 1990c 19 * National Health Service (Private Finance) Act 1997c 56 section 1, on private finance * NHS Redress Act 2006 Notes References * Halsbury's Statutes National Health Service Act 2006 (C. 41): Table of Origins HMSO. 2007. External links The National Health Service Act 2006 as amended from the National Archives. The National Health Service Act ...
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Education Act 2002
The Education Act 2002 (c. 32) is an act of the Parliament of the United Kingdom that gave schools greater autonomy to implement experimental teaching methods. Main provisions The act significantly amended legislation relating to academies, publicly funded schools operating outside of local government control and with a significant degree of autonomy areas such as wages and digressing from the national curriculum. Academies were originally set up under the Learning and Skills Act 2000 under the name "city academies", and were renamed to "academies" by this act. Schools which have innovative ideas to improve education, but are prevented by an existing law from implementing them, will be able to apply for exemption from that law. Schools which demonstrate a high standard of teaching will be given exemption national controls such as the national curriculum, agreements on teachers' pay and conditions and the way the scheduling of the school day and terms. Schools designating or re ...
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Higher Education Governance (Scotland) Act 2016
Higher may refer to: Music * The Higher, a 2002–2012 American pop rock band Albums * Higher (Ala Boratyn album), ''Higher'' (Ala Boratyn album) or the title song, 2007 * Higher (Chris Stapleton album), ''Higher'' (Chris Stapleton album) or the title song, 2023 * Higher (Ezio album), ''Higher'' (Ezio album) or the title song, 2000 * Higher (Harem Scarem album), ''Higher'' (Harem Scarem album) or the title song, 2003 * Higher (The Horrors album), ''Higher'' (The Horrors album), 2012 * Higher (Life On Planet 9 album), ''Higher'' (Life On Planet 9 album) or the title song, 2017 * Higher (Michael Bublé album), ''Higher'' (Michael Bublé album) or the title song, 2022 * Higher (The Overtones album), ''Higher'' (The Overtones album) or the title song, 2012 * Higher (Regina Belle album), ''Higher'' (Regina Belle album) or the title song, 2012 * Higher (Roch Voisine album), ''Higher'' (Roch Voisine album) or the title song, 2002 * Higher (Treponem Pal album), ''Higher'' (Treponem Pal alb ...
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Cambridge University Act 1856
The Cambridge University Act 1856The citation of this Act by this short title was authorised by the Short Titles Act 1896, section 1 and the first schedule. Due to the repeal of those provisions it is now authorised by section 19(2) of the Interpretation Act 1978. ( 19 & 20 Vict. c. 88) is an Act of Parliament of the United Kingdom, which regulates corporate governance at the University of Cambridge. It requires that most members of full-time academic staff have voting rights over the Council of the Senate, which is ultimately the leading body in the university's administration. Contents Section 5, states that the Council of the Senate is the top management body. Section 12, concerns "Votes of electors." It states, See also *UK labour law *UK company law British company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directive (European Union), Directives and cour ...
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Casting Vote
A casting vote is a vote that someone may exercise to resolve a tied vote in a deliberative body. A casting vote is typically by the presiding officer of a council, legislative body, committee, etc., and may only be exercised to break a deadlock. Examples of presiding officers who hold casting votes are the speaker of the House of Commons in the United Kingdom and the president of the United States Senate (an ex-officio role of the vice president of the United States). Use within a legislative body In some legislatures, a casting vote may be exercised however the presiding officer wishes. For example, the vice president of the United States may exercise their casting vote when the Senate is evenly divided according to their own personal beliefs; by virtue of the vice president's political leanings and affiliations, the vice president's political party is able to serve as the majority party in the Senate and elect one of their own to serve as Majority Leader. In some other l ...
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Chairperson
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as ''President (corporate title), president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', ''moderator (town official), moderator'', ''pr ...
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