fyrirtækjaráður

Fyrirtækjaráð is an Icelandic term that translates to "company council" or "works council." It refers to a body within a company that represents the interests of its employees. The primary function of a fyrirtækjaráð is to facilitate communication and cooperation between management and employees.

These councils typically have the right to be informed about and consulted on various company matters that affect the workforce. This can include decisions related to employment conditions, working hours, health and safety, training, and significant changes in the company's operations or structure. The specific rights and responsibilities of a fyrirtækjaráð are often defined by Icelandic law, collective bargaining agreements, and the company's own internal policies.

The establishment of a fyrirtækjaráð is a mechanism for promoting a more democratic and participatory workplace. It aims to ensure that employee perspectives are considered in decision-making processes, thereby fostering a more stable and harmonious industrial relations environment. Membership in the council is usually composed of elected employee representatives. The composition and operational procedures can vary between different companies.