American Corporate Governance and Resilient Families: Investing in Children's Human Capital in Turbulent Times
131 Pages Posted: 18 Nov 2003
This article considers the relationship between corporate governance and the well-being of children. The United States has a serious skills deficit among its younger workers. Experts from many fields agree that human capital development in the early years of life profoundly shape the adult worker. Parents have the greatest influence on human capital development during this time. Parents are trying to do their best, yet socio-economic changes make it increasingly difficult for parents to raise their children. This article considers how the economic transition to the new economy and the social revolution concerning changing gender roles intersect and interact to negatively impact the family. This article asserts that corporations need to take responsibility to promote resilient families in these turbulent times by implementing better work/family policies. This article considers how a new political coalition of parents is forming and suggests that this group seek to harness the pension power of American working families to push corporations to implement better work/family programs.
Keywords: corporate governance, sustainable economic development, child well-being, gender, flexible labor markets, family, children, human capital, work/family, pension funds, diversity, institutional shareholders
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