Chapter

The Democratic Imperative: Beyond Social Responsibility

J. E. Parkinson

in Corporate Power and Responsibility

Published in print April 1995 | ISBN: 9780198259893
Published online March 2012 | e-ISBN: 9780191682018 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198259893.003.0028

Series: Clarendon Paperbacks

The Democratic Imperative: Beyond Social Responsibility

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This chapter explores the relevant arguments and some of the alternatives to existing business forms. It begins by describing some of the main arguments in support of employee participation. It also explains how different forms of participation might be put into practice. It then addresses employee representation on the board as a means of securing ‘co-determination’ or ‘joint regulation’. Next, it highlights developments in employee share ownership, that is, employee involvement not by way of direct participation in decision-making but by employees also becoming shareholders. Moreover, it provides a brief consideration to alternatives to the company, in which equity investors with control rights disappear altogether and the furtherance of employee interests within a fully participatory structure becomes the enterprise's explicit goal.

Keywords: democratic imperative; business forms; employee; ownership; shareholders

Chapter.  18563 words. 

Subjects: Company and Commercial Law

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