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Corporate governance, workers' participation and CSR: the way to a good company

Author

Listed:
  • Norbert Kluge

    (Senior Researcher, ETUI-REHS)

  • Isabelle Schömann

    (Senior Researcher, ETUI-REHS)

Abstract

Enterprises and investors nowadays typically go beyond national borders. After a decade in which the interests of shareholders in increasing their profits were all that seemed to count, more and more transnational enterprises have come to recognise that they have to be socially responsible in the wide sense if they are not to lose legitimacy. This introductory article considers the link between tried and tested forms of interest representation and the demands for a more socially responsible corporate governance of transnational enterprises in the context of the new financial capitalism and globalisation. Currently, workers participate in decision making on the basis of existing European participation rights and they are involved in developing new kinds of agreement on social responsibility at the global level. These international framework agreements (IFAs) are increasingly forming part of the contemporary understanding of what constitutes a good company.

Suggested Citation

  • Norbert Kluge & Isabelle Schömann, 2008. "Corporate governance, workers' participation and CSR: the way to a good company," Transfer: European Review of Labour and Research, , vol. 14(1), pages 13-26, February.
    • Handle: RePEc:sae:treure:v:14:y:2008:i:1:p:13-26
    DOI: 10.1177/102425890801400104
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    References listed on IDEAS

    as
    1. Streeck, Wolfgang (Ed.) & Beckert, Jens (Ed.), 2007. "Moralische Voraussetzungen und Grenzen wirtschaftlichen Handelns," MPIfG Working Paper 07/6, Max Planck Institute for the Study of Societies.
    2. Khachaturyan, Arman, 2006. "The One-Share-One-Vote Controversy in the EU," ECMI Papers 1203, Centre for European Policy Studies.
    Full references (including those not matched with items on IDEAS)

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