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Revisiting industrial democracy and pension trusteeship: The case of Canada

Author

Listed:
  • Susan Sayce

    (University of East Anglia, UK, s.sayce@uea.ac.uk)

  • Michael Gold

    (Royal Holloway University of London, UK)

Abstract

This article examines the extent to which industrial democracy theory may be applied to the operation of Canadian pension fund boards by analysing the balance of power between employers, employees and unions on joint consultative private and public sector pension boards in Ontario and Quebec. The article focuses on three indicators of industrial democracy: shareholder activism; involvement in fund investment policies (including socially responsible investment); and forms of collective action to invest pension funds in support of union objectives. It concludes that industrial democracy is stronger where it is supported by traditions of tripartism and concertation and by statutory employee rights to representation on private sector funds. Its conclusions also question whether Canada can be classed unequivocally as a ‘liberal market economy’, on the grounds that the economic regulatory regime in Quebec differs substantially from the rest of the country.

Suggested Citation

  • Susan Sayce & Michael Gold, 2011. "Revisiting industrial democracy and pension trusteeship: The case of Canada," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 32(3), pages 477-497, August.
  • Handle: RePEc:sae:ecoind:v:32:y:2011:i:3:p:477-497
    DOI: 10.1177/0143831X10387838
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    References listed on IDEAS

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    1. Gordon L. Clark, 2008. "Governing Finance: Global Imperatives and the Challenge of Reconciling Community Representation with Expertise," Economic Geography, Taylor & Francis Journals, vol. 84(3), pages 281-302, July.
    2. João F. Cocco & Paolo F. Volpin, 2007. "Corporate Governance of Pension Plans: The U.K. Evidence," Financial Analysts Journal, Taylor & Francis Journals, vol. 63(1), pages 70-83, January.
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    Cited by:

    1. Bernard Mees, 2021. "Employee representation and pension fund governance in Australia," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 42(1), pages 75-91, February.

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