Labor empowerment in corporate boards: The devil is in the details

Sophie Harnay, Riyad Manseri and Antoine Rebérioux

EconStor Open Access Articles and Book Chapters, 2024, issue Early View, 1-29

Abstract: In 2013, mandatory worker representation on French corporate boards was enacted. We examine the way employee directors have been incorporated within the board machinery. Our empirical results indicate that employee representatives have a limited access to board committees. This result casts doubt on the ability of employee directors to significantly influence corporate governance. Consistent with this analysis, we do not find any significant impact, either positive or negative, of codetermination on firm performance.

Keywords: codetermination; employee directors; industrial relations; corporate governance; board committees (search for similar items in EconPapers)
JEL-codes: G3 J5 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:308018

DOI: 10.1111/irel.12363

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