Employee roles in governance: contrasting the UK and German experience | Zendy

Timothy J. Lewis | Zendy; Silke Machold | Zendy; David W. Oxtoby | Zendy; P AHMED | Zendy

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Employee roles in governance: contrasting the UK and German experience

Author(s) -

Timothy J. Lewis,

Silke Machold,

David W. Oxtoby,

P AHMED

Publication year - 2004

Publication title -

corporate governance

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.634

H-Index - 58

eISSN - 1758-6054

pISSN - 1472-0701

DOI - 10.1108/1472700410558853

Subject(s) - german , corporate governance , unitary state , shareholder , accounting , convergence (economics) , business , power (physics) , german model , public relations , political science , economics , finance , law , economic growth , physics , archaeology , quantum mechanics , history

The paper examines the role of employees in governance. The paper highlights from a theory basis that employee and shareholder utilities can be coincident. However, it shows that corporate practice with respect to employee involvement in governance and decision-making is diverse. The paper draws out the contrast in approaches between the Anglo-American and the German approach to employees by detailing differences in employee power, career patterns, ownership patterns and legal obligations. These lead to enactment of a different structural and cultural governance systems; which are encapsulated in the unitary board structure of the UK and the two-tier German approach. The strengths and limitations of the unitary board and two-tier boards are highlighted, and the case for convergence examined

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