What is the difference between the Social and Economic Council and the Labour Foundation?
Social and Economic Council | Labour Foundation |
Founded by law in 1950 (public law) | Founded by national employers’ federations and trade union confederations in 1945 (private law) |
Tripartite: employers, employees and members appointed by the Crown | Bipartite: employers and employees |
Advises Cabinet and Parliament; monitors regulatory industrial organisations (PBO); co-administrative duties and promotion of commerce and industry | Platform for ongoing consultations between employers and employees; issues recommendations to commerce and industry; meets with Cabinet twice a year (spring and autumn meetings) |