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Corporate Governance: What about the workers?

Sikka, P (2007) Corporate Governance: What about the workers? UNSPECIFIED. EBS Working Papers, University of Essex, Colchester.

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Abstract

To stimulate debates about the creation of corporate governance mechanisms and processes which would help to secure an equitable distribution of income and wealth for workers. Methodology/Approach: The paper builds on a political economy of income and wealth inequalities. It argues that corporate governance mechanisms and processes are rooted in particular politics and histories. The state is a key actor. It provides a brief history of the UK corporate governance debates relating to income distribution, industrial democracy and disclosures. It provides social data about the extent of income inequalities. Findings: The paper shows that the UK lacks institutional structures and processes and mechanisms to enable workers to secure a higher share of the firm?s income. Research limitations/implications (if applicable): The study primarily focuses on some aspects of the corporate governance structures, practices and income/wealth inequalities in the UK. Its implications could also be relevant to market-oriented liberal states with ?consensus? or ?majoritarian? electoral systems. Practical implications (if applicable): To encourage debates, the paper puts forward a number of suggestions for changing electoral and corporate governance practices together with disclosures that could give visibility to income and wealth inequalities. Originality/value of paper: The paper links corporate governance debates to broader political choices. Article Type: A research article that uses a variety of government and institutional data sources to highlight shortcomings of corporate governance practices.

Item Type: Monograph (UNSPECIFIED)
Uncontrolled Keywords: Governance, Income and Wealth Inequalities, Workers, the state.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Users 161 not found.
Date Deposited: 04 Jan 2014 22:04
Last Modified: 17 Aug 2017 17:56
URI: http://repository.essex.ac.uk/id/eprint/8059

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