Corporate governance, workers' participation and CSR: the way to a good company

Norbert Kluge and Isabelle Schömann
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Norbert Kluge: Senior Researcher, ETUI-REHS
Isabelle Schömann: Senior Researcher, ETUI-REHS

Transfer: European Review of Labour and Research, 2008, vol. 14, issue 1, 13-26

Abstract: Enterprises and investors nowadays typically go beyond national borders. After a decade in which the interests of shareholders in increasing their profits were all that seemed to count, more and more transnational enterprises have come to recognise that they have to be socially responsible in the wide sense if they are not to lose legitimacy. This introductory article considers the link between tried and tested forms of interest representation and the demands for a more socially responsible corporate governance of transnational enterprises in the context of the new financial capitalism and globalisation. Currently, workers participate in decision making on the basis of existing European participation rights and they are involved in developing new kinds of agreement on social responsibility at the global level. These international framework agreements (IFAs) are increasingly forming part of the contemporary understanding of what constitutes a good company.

Keywords: corporate governance; workers'; participation rights; globalisation; international framework agreements; CSR; transnational companies (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:treure:v:14:y:2008:i:1:p:13-26

DOI: 10.1177/102425890801400104

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