The prevailing model of corporate governance has become a structural liability, driving both environmental decline and democratic erosion. To safeguard our political institutions and regenerate our environment, we must complete the democratic project where it matters most: within the company itself. This is the conclusion reached by the extensive study carried out by the International Committee of Experts that I chaired, comprising colleagues from leading academic institutions—Oxford, Harvard, the London School of Economics and the European University Institute, among others—and established by Yolanda Díaz, the vice-president and minister of labour of the Spanish government. Today, our committee releases its Report on Article 129.2 of the Spanish Constitution, a long-neglected clause that mandates worker participation in corporate decision-making and ownership.

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