Introduction: Board-level employee representation in Europe: State of play

Gold, Michael; Waddington, Jeremy

doi:10.1177/0959680119830556

Cited by 19 publications

(39 citation statements)

References 27 publications

(21 reference statements)

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“…On the other hand, one can observe the process of extending the scope of staff representation on corporate bodies by placing employees in boards of directors. According to such authors as Gold & Waddington (2019), the latter of these processes is more frequent than the former.…”

Section: Fifth Category Of Blermentioning

confidence: 99%

“…Not until the time of Prime Minister Theresa May was this issue addressed. In 2016, her administration released a publication referred to as the Green Paper, entitled Corporate governance reform (Gold & Waddington, 2019). However, among the four alternative solutions proposed, one can hardly find any significant implications concerning BLER itself.…”

Section: Eu Countries Without Bler Statutorily Securedmentioning

confidence: 99%

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Attempts to harmonise the European Union legislation in respect of employee representation in corporate governance bodies

Rudolf

2020

EiP

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Motivation: Representation of employees in corporate governance bodies is, on the one hand, an important element in the democratisation of labour relations, while on the other hand, it can bring notable positive benefits to businesses. It is standard practice in a decided majority of the old EU countries, but only to a limited extent does it function in the countries which joined the EU in 2004 and later. Aim: The author of the article has defined two important goals. The first one is to present solutions concerning employee representation in individual EU countries. The second goal is to present earlier attempts to harmonise the EU legislation on the matters of such representation and to indicate the possibility of such harmonisation under the current conditions. Results: What has been noted in the article is that as many as 10 EU countries have no legislation concerning employee representation in corporate bodies. Although such legislation exists in other countries, the implemented solutions are heavily diversified. It has also been evidenced that the past attempts aimed to harmonise this sphere have generally failed. Against such background, establishing what is commonly referred to as a European Company with employee representation in its corporate governance bodies should be considered as a success, but due to a very limited range of such companies, it is but a partial success.

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Section: Fifth Category Of Blermentioning

confidence: 99%

Section: Eu Countries Without Bler Statutorily Securedmentioning

confidence: 99%

Attempts to harmonise the European Union legislation in respect of employee representation in corporate governance bodies

Rudolf

2020

EiP

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“…Board-level employee representatives are an important feature of the European social model and considered distinctive of coordinated or nonliberal models of capitalism (Jackson, 2005), and their dual role as employee representatives and board members is of considerable academic interest. Much research focuses on board-level employee representative contribution to company performance, including added value, such as Fauver and Fürst (2006), Fitzroy and Kraft (2005), and Gregoric and Rapp (2019), and corporate social responsibility (Scholz & Vitols, 2009;Gold & Waddington, 2019). Morevoer, board-level employee representatives are an important part of industrial democracy (King & van de Vall, 1978) because they bring the voices of employees to the boardroom (McReise, 2001).…”

Section: The Dual Role Of Board-level Employee Representatives and Independencementioning

confidence: 99%

Board‐level employee representative independence: Myth or reality? Theoretical analysis and empirical research—the case for Slovenia

Franca

Štampar

2020

Ann Public Coop Econ

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This article examines board-level employee representative independence with regard to said representatives' dual role as employee representatives and supervisory body members. In the context of corporate governance, board member independence has been of increasing interest, though this has mostly been related to shareholder representatives. We address boardlevel employee representative independence focused on Slovenia, a central-eastern European country with a developed system of employee participation. We conducted qualitative research at twelve public limited companies in Slovenia to gain in-depth understanding, with a CEO or board member, board-level employee representative and works councillor not at board-level being interviewed in situ following the same semi-structured format. Results indicate legal and practical concern regarding board-level employee representative independence, calling for further research and regulation.

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“…Whereas the representation of employees on the board is likely to be a European model of corporate governance (Gold & Waddington, 2019; Gordon & Roe, 2004), French regulators show greater interest in employee board representation by considering two types of employee directors: labor representatives and employee shareholder representatives. Extending the scope of previous studies (e.g., Hillman et al, 2001; Huse et al, 2009; Nekhili et al, 2019), we defend the idea that the two different types of employee directors may have different attitudes toward ESG performance.…”

Section: Introductionmentioning

confidence: 99%

The ESG–financial performance relationship: Does the type of employee board representation matter?

Nekhili

Boukadhaba

Nagati

2020

Corporate Governance

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Research Question/Issue We examine the impact of two differing types of employee board representation (i.e., labor board representation and employee shareholder board representations) on environmental, social, and corporate governance components of ESG performance and the moderating role of each type of employee board representation on the relationship between ESG performance and the firm's market value. Research Findings/Insights Using a propensity score matching approach on a sample of French firms listed in the SBF 120 index from 2007 to 2017, our findings reveal that labor board representatives act in the opposite direction to employee shareholder board representatives by focusing exclusively on improving social performance and reducing environmental and corporate governance performance. The way employees are represented on the board of directors also moderates the corporate ESG–financial performance relationship differently. Theoretical/Academic Implications Employee directors are not a homogenous group. The differentiation between the two types of employee directors (i.e., labor board representatives and employee shareholder board representatives) brings a deeper understanding of the effect of stakeholders' representation on the board. Practitioner/Policy Implications Our results are of interest to governance policymakers because they provide them with a fresh understanding of the key role of employee board representation. A meaningful inference to be drawn from our findings is that employee ownership and the representation of employees on the board as employee shareholders may bring about fundamental changes in employees' attitudes and behavior on the board and may, in this regard, be considered as a credible way of generating social harmony and constructive relationships between employees and shareholders. Video Abstract https://youtu.be/GqB_6GxtH2A

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Introduction: Board-level employee representation in Europe: State of play

Cited by 19 publications

References 27 publications

Attempts to harmonise the European Union legislation in respect of employee representation in corporate governance bodies

Attempts to harmonise the European Union legislation in respect of employee representation in corporate governance bodies

Board‐level employee representative independence: Myth or reality? Theoretical analysis and empirical research—the case for Slovenia

The ESG–financial performance relationship: Does the type of employee board representation matter?

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