Jump to ContentJump to Main Navigation
New Perspectives on Industrial Policy for a Modern Britain$
Users without a subscription are not able to see the full content.

David Bailey, Keith Cowling, and Philip Tomlinson

Print publication date: 2015

Print ISBN-13: 9780198706205

Published to Oxford Scholarship Online: August 2015

DOI: 10.1093/acprof:oso/9780198706205.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 March 2020

Workers’ Voice in Company Decision-Making

Workers’ Voice in Company Decision-Making

(p.225) Chapter 12 Workers’ Voice in Company Decision-Making
New Perspectives on Industrial Policy for a Modern Britain

Janet Williamson

Tim Page

Oxford University Press

This chapter explores UK corporate governance and puts forward the case for greater worker representation (voice) on UK corporate boards. The chapter explores the prevailing features of UK corporate governance and the high volatility in ownership, with transient short-term shareholder interests often prevailing at the expense of long-term business success. This results in relatively lower investments in R&D, training, and other long-term investment strategies compared to other European-based companies. The chapter argues that greater worker representation on corporate boards is thus an important adjunct for industrial policy, since it may act as a constraint upon corporate power (and ‘short-termist’ strategies). This is substantiated by evidence from other countries where worker representation and labour–management partnerships have enhanced long-term company productivity and performance, with firms pursuing a broader (and long-term) company strategy with a greater focus upon innovation-led, higher value-added activities.

Keywords:   corporate strategy, worker representation, short-termism, industrial policy, investment

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .