That would be right. The biggest sanction that could be taken is a motion of no confidence. At universities, vice chancellors are exposed to a motion of no confidence from time to time. They generally ignore those votes of no confidence, but nonetheless it's a warning shot, and it means that they have to worry a bit more about presentation to their staff.
So what is being proposed is not a syndicalist solution, which I don't believe in, where the staff control. It's just creating a buffer. A buffer zone in which journalists and editors have a greater degree of autonomy.