Worker Participation in Germany and France: A Comparison of French and German Works Councils in a Global Compliance Context
17 Pages Posted: 12 Oct 2017
Date Written: January 20, 2012
This paper explores whether and how workplace democracy mechanisms such as social dialogue, co-determination and Works Councils can improve corporate financial governance and compliance with anti-corruption regulations in companies. The paper compares two key Works Council models in Europe - those of Germany and France. It then discusses some of the challenges that present themselves to companies in the context of a globalized economy, focusing on examples of failures of corporate governance at prominent German and French companies. Finally, the paper analyzes the corporate governance failures, assesses the role of, and makes suggestions as to how Works Councils can contribute to the improvement of corporate governance culture. The paper also explores the advisability of adding financial corporate governance to the already large range of issues currently under the purview of Works Councils in Germany and France.
Keywords: Works Councils, Comités d'Entreprise, German Labor Law, French Labor Law, Anti-Bribery Law, Corporate Governance, Comparative Labor Law
JEL Classification: K31, K42, M16
Suggested Citation: Suggested Citation