Workers’ interests have often fared badly in Europe in recent years. All the more important, then, that the European Commission and the European Parliament do something about this in the next legislative period. A recent report by the Institute for Codetermination and Corporate Governance (IMU) shows where European policymaking should make a start. Continua la lettura
We are living in an age where the questioning of major institutions occurs regularly. Large numbers of Americans support changing to a new economic system, and even many who recommend keeping capitalism think it needs a bit of an overhaul. One idea, common in Europe but less so in America, that does the latter is called codetermination and maintains capitalism and the private ownership of property while giving workers a say in how their workplaces are managed. We’ll look at what it is, how it works, and the proposal to bring it to America.
Corporate governance: Codetermination pays
Companies in which employee representatives have a seat on the supervisory board have developed more favourably since the great financial and economic crisis than companies without codetermination.
ETUC position paper
The new company law package 2018: A missed opportunity for more democracy at work
Adopted at the Executive Committee on 25-26 June 2018
In the last ten years, dismissal regulation has been the focus of increased policy concern in the EU, mainly due to its alleged influence on a number of national economic aggregates (such as employment levels and economic growth). Several European countries experienced an increased frequency of reforms addressing the dismissal regulation for permanent contracts, in particular countries with relatively stringent legislations before the crisis, notably Spain, Italy and France.
President of the International Association for the Economics of Participation (IAFEP); Associate Professor at the Center for Corporate Governance, Department of International Economics and Management at Copenhagen Business School.
Workers’ participation realizes through various forms and levels, from employee ownership to workers’ involvement through the works councils and boards of directors. Overall, what are the main empirical findings with regards to the economic effects of the different participatory forms?
The extant scholarly research provides support to the proposition that participatory practices promoting employee involvement in the firms (i.e. representation through works councils, board of directors, etc.) and employee financial participation (e.g. direct employee ownership, profit sharing, broad-based share ownership schemes, etc.) produce significant economic benefits.