Labour in French Corporate Governance: The Missing Link
By the end of the 1990s, the character of French corporate governance suggested that large companies in France had gone far in adopting Anglo-Saxon practices. This picture of substantial transformation of corporate governance contrasts sharply with conventional images of the French corporate system as one that permanently generates obstacles to change. This chapter explains the apparent contradiction between this image of France and the major shifts in corporate governance that have apparently taken place. It is argued that the weakness of labour in French corporate governance explains to a large extent why and how corporate restructuring over the last two decades led to a pronounced turn towards Anglo-Saxon governance patterns.
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