Corporate Governance and Labour Management in the Netherlands: Getting the Best of Both Worlds?
The Dutch system of corporate governance exhibits an interesting combination of the Anglo-Saxon market-outsider system and the German relational-insider system. Various phenomena suggest that the degree and locus of power and decision-making is changing within this hybrid Dutch system. Traditional systems of governance are being destabilized and new arrangements are emerging. A ‘western wind’ is blowing, that is, that an ‘Anglo-Saxonization’ of corporate governance and labour management is taking place. This chapter assesses the extent and importance of these changes in the Netherlands. Firstly it describes the framework of the research and the historical background and business structure there. The chapter then outlines the changes in financial structure and corporate governance that are taking place and shows how labour management changes are linked to these shifts. The next section assesses the proposition that ‘Anglo-Saxonization’ of corporate governance is affecting labour management.
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