Earlier quoted context omitted.
You commented that employees should have a say on the direction of the company... That's a socialist concept.
For clarity, are Ireland and Germany socialist countries? Both require employee representation on boards, as do many other not-socialist countries. Germany also has works councils.
The truth is that employees do not dictate the direction of the company in those countries. They have virtually no power and the system is used as a discussion platform on working conditions, pay, etc.
This is not quite the same as having employees decide what the company should produce and to whom it should sell it.