{"title":"Learning from Cooperatives to Strengthen Economic Bicameralism","authors":"S. Pek","doi":"10.1177/00323292231163705","DOIUrl":null,"url":null,"abstract":"Bicameral firms can generate societal benefits both directly, by granting representatives of labor investors voice in shaping firm decision-making, and more indirectly, by serving as a transition phase from capital investor–owned firms to worker cooperatives. However, there is room to augment these benefits by leveraging insights from research on cooperatives. This article draws lessons from three types of cooperatives—traditional worker cooperatives, multistakeholder cooperatives, and union cooperatives—to help refine Ferreras's proposal for bicameral firms. First, bicameral firms should offer labor investors more opportunities to participate in firm governance and hold their representatives to account. Second, they should create robust channels for other stakeholders to influence firm decision-making. Third, they should carefully delineate the role of labor unions vis-à-vis the Chamber of Representatives of the Labour Investors. These refinements will better position bicameral firms to achieve their direct benefits and facilitate subsequent transitions to worker cooperatives.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"258 - 277"},"PeriodicalIF":4.1000,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Politics & Society","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1177/00323292231163705","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 0
Abstract
Bicameral firms can generate societal benefits both directly, by granting representatives of labor investors voice in shaping firm decision-making, and more indirectly, by serving as a transition phase from capital investor–owned firms to worker cooperatives. However, there is room to augment these benefits by leveraging insights from research on cooperatives. This article draws lessons from three types of cooperatives—traditional worker cooperatives, multistakeholder cooperatives, and union cooperatives—to help refine Ferreras's proposal for bicameral firms. First, bicameral firms should offer labor investors more opportunities to participate in firm governance and hold their representatives to account. Second, they should create robust channels for other stakeholders to influence firm decision-making. Third, they should carefully delineate the role of labor unions vis-à-vis the Chamber of Representatives of the Labour Investors. These refinements will better position bicameral firms to achieve their direct benefits and facilitate subsequent transitions to worker cooperatives.
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.