Workplace Democracy, the Bicameral Firm, and Stakeholder Theory

IF 4.1 2区社会学 Q1 POLITICAL SCIENCE

Politics & Society Pub Date : 2023-04-18 DOI:10.1177/00323292231163700

M. Fleurbaey

引用次数: 1

Abstract

Ferreras's bicameral governance proposal for the corporation contributes to a recent wave of interest in democratizing the workplace. In this article, I connect this to a related ongoing movement in favor of the stakeholder approach to corporate purpose. I argue that this connection sheds light on, and may provide remedies for, some issues with the bicameral proposal: first, the risk of gridlock between the two parties in the dual governance structure; second, the indeterminacy of good management when shareholder primacy is abandoned. But I also note that shareholder primacy emerged spontaneously from structural features of the economy, so that special protection for the “good” firms is warranted, and that other key limitations of a market economy cannot be alleviated fully by democratizing the firm.

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工作场所民主、两院制企业和利益相关者理论

费雷拉斯为公司提出的两院制治理方案引发了最近对工作场所民主化的兴趣。在本文中，我将此与一场相关的持续运动联系起来，这场运动有利于利益相关者实现公司目标的方法。我认为，这种联系揭示了两院制提案的一些问题，并可能为这些问题提供补救措施：首先，两党在双重治理结构中陷入僵局的风险；第二，放弃股东至上时良好管理的不确定性。但我也注意到，股东至上是从经济的结构特征中自发产生的，因此有必要对“好”企业进行特殊保护，而市场经济的其他关键局限性无法通过企业民主化来完全缓解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Politics & Society Multiple-

CiteScore

5.00

自引率

4.20%

发文量

期刊介绍： Politics & Society is a peer-reviewed journal. All submitted papers are read by a rotating editorial board member. If a paper is deemed potentially publishable, it is sent to another board member, who, if agreeing that it is potentially publishable, sends it to a third board member. If and only if all three agree, the paper is sent to the entire editorial board for consideration at board meetings. The editorial board meets three times a year, and the board members who are present (usually between 9 and 14) make decisions through a deliberative process that also considers written reports from absent members. Unlike many journals which rely on 1–3 individual blind referee reports and a single editor with final say, the peers who decide whether to accept submitted work are thus the full editorial board of the journal, comprised of scholars from various disciplines, who discuss papers openly, with author names known, at meetings. Editors are required to disclose potential conflicts of interest when evaluating manuscripts and to recuse themselves from voting if such a potential exists.