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Board-level Representation

Employee representatives at board level in Greece are only found in some state-owned companies.

There is no legislative basis for employee representation at board level in the private sector. Only state-owned companies have employee representatives on their boards.

 

Employees elect one member onto the boards of these companies. In practice it is the political groupings in the unions who put forward the candidates and seek support from employees. 

 

Privatisation, which has been an important element of the measures required under the bail-out, together with government changes in the corporate governance of state-owned companies have reduced the number of employee representatives at board level. For example, when the formerly state-owned telecommunications company OTE was privatised, it lost its employee board members.

L. Fulton (2019) Nationan Industrial Relations, an update. Labour Research Department and ETUI (online publication). Online publication available at http://www.worker-participation.eu/National-Industrial-Relations.