Corporate governance: what about the workers?
AbstractPurpose – To stimulate debates about the creation of corporate governance mechanisms and processes which would help to secure an equitable distribution of income and wealth for workers. Design/methodology/approach – The paper builds on a political economy of income and wealth inequalities. It argues that corporate governance mechanisms and processes are rooted in particular politics and histories. The state is a key actor. It provides a brief history of the UK corporate governance debates relating to income distribution, industrial democracy and disclosures. It provides social data about the extent of income inequalities. Findings – The paper shows that the UK lacks institutional structures and processes and mechanisms to enable workers to secure a higher share of the firm's income. Research limitations/implications – The study primarily focuses on some aspects of the corporate governance structures, practices and income/wealth inequalities in the UK. Its implications could also be relevant to market-oriented liberal states with “consensus” or “majoritarian” electoral systems. Practical implications – To encourage debates, the paper puts forward a number of suggestions for changing electoral and corporate governance practices together with disclosures that could give visibility to income and wealth inequalities. Originality/value – The paper links corporate governance debates to broader political choices.
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Accounting, Auditing & Accountability Journal.
Volume (Year): 21 (2008)
Issue (Month): 7 (September)
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brewer, M. & Goodman, A. & Shaw, J. & Sibieta, L., 2006. "Poverty and inequality in Britain: 2006," Open Access publications from University College London http://discovery.ucl.ac.u, University College London.
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- Jean-Marc Burniaux & Flavio Padrini & Nicola Brandt, 2006. "Labour Market Performance, Income Inequality and Poverty in OECD countries," OECD Economics Department Working Papers 500, OECD Publishing.
- David Collison & Colin Dey & Gwen Hannah & Lorna Stevenson, 2010. "Anglo-American capitalism: the role and potential role of social accounting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 23(8), pages 956-981, October.
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