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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, such as electricity-supply, the postal services, the national bank and the railways, have employee representatives on their boards.

 

Employees normally elect two members 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.

 

Another board member is a member of the Economic and Social Committee (OKE), also normally representing employees.

 

Privatisation has 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. The acceleration of the privatisation programme as part of the economic adjustment process and the government’s plan to make changes in the corporate governance of state-owned companies seems likely to reduce sharply the number of Greek companies with employee participation at board level. For example, there was an employee representative on the board of the state broadcaster ERT, which was shut down in June 2013. The replacement organisation NERIT, which began broadcasting in May 2014, has no employee representatives on its board.

L. Fulton (2015) Worker representation in Europe. Labour Research Department and ETUI. Produced with the assistance of the SEEurope Network, online publication available at http://www.worker-participation.eu/National-Industrial-Relations.