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The Soft Law of the Covenant: Making Governance Instrumental
Author(s) -
Ton Korver,
P.R.A. Oeij
Publication year - 2005
Publication title -
european journal of industrial relations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.251
H-Index - 43
eISSN - 1461-7129
pISSN - 0959-6801
DOI - 10.1177/0959680105057216
Subject(s) - covenant , realm , corporate governance , soft law , politics , law and economics , government (linguistics) , bridging (networking) , business , hard law , collective bargaining , public economics , economics , political science , law , market economy , international law , finance , computer network , linguistics , philosophy , computer science
Covenants are agreements between the government and social partners to implementpublic policy. They are a form of soft law, guiding the regulation ofself-regulation, and are specifically relevant in bridging the macro and mesolevels of society. Covenants prove effective where actors share goals, and learnto advance policy-making by monitoring efforts, effects and possible risks, andby subsequently fine-tuning follow-up actions. Positive-sum outcomes oftenresult. We describe successful examples of this method of cooperation in therealm of working conditions and employment, and claim that covenants can behelpful in facilitating collective-bargaining framework agreements. In terms ofEU policies, covenants are an instance of so-called European GovernanceArrangements, the political and institutional foundations of which are still tobe developed

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