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“Fiduciary Capitalism,†the “Political Model of Corporate Governance,†and the Prospect of Stakeholder Capitalism in the United States

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  • David M. Brennan

    (Economics Department, Franklin and Marshall College, P.O. Box 3003, Lancaster, PA 17604-3003, USA, david.brennan@fandm.edu)

Abstract

As progressive pension reforms seek to increase the opportunities for stakeholder involvement, they confront an existing set of class relations that by design exclude workers, retirees, and the state from real economic participation. This article argues that pension reforms must explicitly recognize the class underpinnings that jeopardize their success; proposes a workable, class-sensitive orientation for pension reforms; and includes the legislative context for governance reforms.

Suggested Citation

  • David M. Brennan, 2005. "“Fiduciary Capitalism,†the “Political Model of Corporate Governance,†and the Prospect of Stakeholder Capitalism in the United States," Review of Radical Political Economics, Union for Radical Political Economics, vol. 37(1), pages 39-62, March.
    • Handle: RePEc:sae:reorpe:v:37:y:2005:i:1:p:39-62
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    Cited by:

    1. Francesco Macheda, 2018. "The illusion of patient capital: evidence from pension investment policy in the Netherlands," Working Papers 0029, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.

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    Keywords

    pension funds; corporate governance;

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