The Iron and Steel Act 1967 was an

Act of Parliament Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of ...

of the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

, which regulated

corporate governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions ...

in the

iron Iron () is a chemical element with Symbol (chemistry), symbol Fe (from la, Wikt:ferrum, ferrum) and atomic number 26. It is a metal that belongs to the first transition series and group 8 element, group 8 of the periodic table. It is, Abundanc ...

and steel industries. It required that employees had voting rights for the board of directors.

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. {{expand section, date=October 2015

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 United Kingdom labour law United Kingdom company law United Kingdom Acts of Parliament 1967

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