Democratic corporate governance within fluctuating cooperative banks: A multidisciplinary diagnosis and proposition of orientations

Rémi Jardat (), Patrick Gianfaldoni () and David Hiez ()
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Rémi Jardat: ISTEC - Institut supérieur des Sciences, Techniques et Economie Commerciales - ISTEC
Patrick Gianfaldoni: LBNC - Laboratoire Biens, Normes, Contrats - AU - Avignon Université
David Hiez: Laboratoire de Droit Economique - uni.lu - Université du Luxembourg = University of Luxembourg = Universität Luxemburg

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Abstract: The democratic question became of an ardent actuality within cooperative banks since the end of the 1990's. Founding element of human-sized organizations that were the first mutual or cooperative Caisses, is democracy running the risk to dissolve by necessity in the mature and hybrid giants that are the big banking cooperative groups nowadays? The present article unveils a multidisciplinary synthesis made possible by the conjunction of three researchers studying cooperative banks through three complementary angles: law, economy and management. After a first inventory of the possible symptoms of the disappearance of democracy inherent to the cooperative project, a more differentiating diagnosis is proposed, followed by an outline of some working leads for a creative evolution of cooperative democracy.

Keywords: Democracy; bank; cooperative; pluridisciplinarity; new cooperative paradigm (search for similar items in EconPapers)
Date: 2010-09-15
New Economics Papers: this item is included in nep-ban and nep-his
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Published in Corporate Ownership and Control , 2010, 8 (1), pp. 210-221

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