Employees in supervisory boards

On 9 November 2016, the Chamber of Deputies adopted the first amendment to the Law on Trade Corporations. However, the Senate and the President's signature are still required to adopt the amendment.

According to the amendment, an employee representation in the supervisory boards of the stock corporations with more than 500 employees is to be introduced. The employees shall elect a third of the members of the supervisory board; the other two thirds are still to be elected by the General Meeting. The members of the supervisory board elected by the employee may only be employees of the company.

If the amendment is adopted, it will be binding on the concerned companies within two years.