A Note on Labour and Corporate Governance in the United Kingdom
Comparative Corporate Governance: The State of the Art and Emerging Research, Ed. Klaus J. Hopt, Hideki Kanda, Mark J. Roe, Eddy Wymeersch, and Stefan Prigge, Clarendon Press, Oxford 1998
Posted: 7 Apr 1999
This note explains the historical reasons for the minimalist development of a legal structure for enterprise governance in the United Kingdom in which representatives of employees were significantly involved. It analyses the strains which have been placed on this traditional structure of 'collective laissez-faire' in the UK over the past fifty years; and assesses the strengths of the incentives currently operating in British industrial relations towards the elaboration of a statutory structure of employee involvement.
JEL Classification: G31, G32, G34
Suggested Citation: Suggested Citation