author

Jens Dammann

A 2021 qualitative analysis finds that codetermination is an effective strategy for curbing corporate political power. Codetermination can dampen or eliminate information asymmetry between employers and workers. “ Understanding codetermination solely as an instrument to protect employees or to improve corporate governance and/or performance fundamentally underestimates its potential contribution to society.” Codetermination can help protect the democratic process by curbing excessive corporate power. The largest corporations already account for a larger share of the economy than at almost any time during the last 100 years, and the emerging data economy threatens to further consolidate economic resources. By allowing employees to elect a significant portion of corporate directors, codetermination can play a similar role as that of the Constitutional separation of powers.
Codetermination: A Poor Fit for U.S. Corporations Codetermination and the Democratic State
Codetermination
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