Employee Participation and Ownership RightsJonathan MichieSainsbury Professor of Management, School of Management and Organizational Psychology, Birkbeck, University of London Christine OughtonReader in Management, School of Management and Organizational Psychology, Birkbeck, University of London jcls Vol 2 Issue 1 (July 2002)Click Here to download the complete articleAbstractThis article examines the effects of employee ownership and employee participation on corporate governance and performance. We argue that there is a need to extend the corporate governance literature to take account of the governance effects of employee participation, incentives and ownership. The article takes as its starting point the UK government’s ongoing reviews of corporate governance and associated policy measures to encourage employee share owner-ship. Our central focus is on the development of models of corporate governance and legal structures that facilitate the combination of employee ownership and participation, and thereby enhance corporate outcomes. Keywordscompany law, corporate governance, employee participation, incentives, ownership rights |
