Employee Participation in Corporate Governance: An Ethical Analysis

57 Pages Posted: 22 May 2009

See all articles by Michael L. Lower

Michael L. Lower

The Chinese University of Hong Kong (CUHK) - Faculty of Law

Date Written: May 21, 2009

Abstract

This paper outlines the ethical case put forward by Catholic Social Thought (“CST”) for giving employees a role in corporate governance and some type of ownership interest in the corporations that they work for. It explains the ethical significance of the corporation and corporate governance. It outlines why CST has called for employees to participate in the governance and ownership of the businesses that they work for. The use of ESOPs as a tool to achieve employee ownership is considered. The paper asks whether there should be mandatory co-determination. Participation can be designed well or badly. This paper considers, as an aspect of its ethical analysis, the economic aspects of the questions it considers.

Keywords: Catholic Social Thought, natural law, corporate governance, employee participation

JEL Classification: A12, A13, G3, K22, L2

Suggested Citation

Lower, Michael L., Employee Participation in Corporate Governance: An Ethical Analysis (May 21, 2009). Available at SSRN: https://ssrn.com/abstract=1408360 or http://dx.doi.org/10.2139/ssrn.1408360

Michael L. Lower (Contact Author)

The Chinese University of Hong Kong (CUHK) - Faculty of Law ( email )

6/F, Lee Shau Kee Building
Shatin, New Territories
Kowloon, Sha Tin
Hong Kong

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