Brazil Gives Labor Unions Seat On State-Owned Company Boards

[kpete]

Source: CNN

Brazil Gives Labor Unions Seat On State-Owned Company Boards
Mar 11, 2011 8:22 PM EST

SAO PAULO -(Dow Jones)- Brazil's government on Friday authorized labor union representation on the boards of directors of state-owned companies.

The document was signed by Planning Minister Miriam Belchior shortly before President Dilma Rousseff sat down for her first talks with labor union representatives since she took office Jan. 1.

"It's important because the workers have, from their view point, a permanent vision of the company," Rousseff said in a speech. Later, she said the representation is "strategic for the company itself, it's something strategic for the country."

The law, which paved the way for this authorization, was passed in the final days of the administration of Rousseff's predecessor, former president and union heavyweight Luiz Inacio Lula da Silva. Both Lula and Rousseff are members of the Workers' Party, the main political body for Brazil's labor movement.

Read more: http://m.foxbusiness.com/quickPage.html?page=19453&content=49294696&pageNum=-1

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More From Daily Kos:

In direct contradiction to the tragic events occurring in Wisconsin, Ohio, and Michigan (among other states), the rights of public workers in Brazil got a huge boost this Friday (11th). President Dilma Rousseff and Planning Minister Miriam Belchior signed into law an ordinance requiring all state-owned or partially state-owned companies with more than 200 employees to include worker representatives on their respective boards of directors. This includes gigantic multinationals, such as Petrobras, Eletrobras, and Banco do Brasil and at least 56 other companies with majority federal ownership.

the rest: http://www.dailykos.com/story/2011/03/12/955514/-Brazils-public-workers-see-rights-expanded

[rucky]

1. Workers Deserve a Seat at the Boardroom

I think I found my next bumper sticker idea.

[texastoast]

3. Let me know when they are for sale

I'll buy one.

[3waygeek]

2. IIRC, Germany and many EU countries do likewise...

one of the reasons German manufacturing is doing quite well, even with the crappy world economy.

[fascisthunter]

4. Germany has doen this too if I'm not mistaken

bravo!

[Blue_Tires]

5. kick