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Works Councils
insights
Board-level representation is only one piece of the comprehensive codetermination regulatory strategy as practiced in Europe. Without a supporting framework that includes representation from the group up, codetermination may be less successful in the US.
In 1994, between 98-100% of all German firms with 2000 employees or more had a works council, in contrast to only 17-20% of all firms.
sources
Codetermination, Efficiency, and Productivity
Lifting Labor’s Voice: A Principled Path Toward Greater Worker Voice And Power Within American Corporate Governance
authors
Kornelius Kraft
Felix FitzRoy
Oluwatomi Williams
Aneil Kovvali
Leo Strine
reports
Codetermination
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