Reward Work Act

The Reward Work Act prohibits companies from buying back their own stock on public exchanges while requiring at least one-third of corporate board members to be elected by employees. Under this bill, corporations would need to hold one-employee-one-vote elections to select these worker representatives, with the Securities and Exchange Commission tasked with creating rules to ensure fair and democratic processes. The legislation specifically targets publicly traded companies and their boards of directors, aiming to increase worker influence in corporate governance through direct election mechanisms.