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Worker representation on corporate boards from a longitudinal perspective : Between corporate governance and industrial relations

Jonnergård, Karin LU ; Larsson-Olaison, Ulf and Stafsudd, Anna (2017) EGOS Conference 2017
Abstract (Swedish)

At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for... (More)

At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for understanding worker representation on corporate boards at different times and in different populations. Specifically, we observe that shareholder-elected directors become more financialized in their perceptions over time, whereas worker-elected directors remain more stakeholder-oriented, while to a growing extent acknowledging the interest of the controlling shareholders. Thus, the paper contributes to the industrial relations literature by linking perspectives on industrial relations, often understood as incommensurable, by considering a longitudinal development in perceptions among relevant actors.

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Abstract
At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for understanding... (More)
At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for understanding worker representation on corporate boards at different times and in different populations. Specifically, we observe that shareholder-elected directors become more financialized in their perceptions over time, whereas worker-elected directors remain more stakeholder-oriented, while to a growing extent acknowledging the interest of the controlling shareholders. Thus, the paper contributes to the industrial relations literature by linking perspectives on industrial relations, often understood as incommensurable, by considering a longitudinal development in perceptions among relevant actors. (Less)
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author
organization
publishing date
type
Contribution to conference
publication status
published
subject
pages
24 pages
conference name
EGOS Conference 2017
language
English
LU publication?
yes
id
0d5e3a23-c298-4ffd-8a3d-b1c38bcfbb2a
date added to LUP
2017-07-06 10:58:07
date last changed
2017-08-07 11:00:27
@misc{0d5e3a23-c298-4ffd-8a3d-b1c38bcfbb2a,
  abstract     = {At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for understanding worker representation on corporate boards at different times and in different populations. Specifically, we observe that shareholder-elected directors become more financialized in their perceptions over time, whereas worker-elected directors remain more stakeholder-oriented, while to a growing extent acknowledging the interest of the controlling shareholders. Thus, the paper contributes to the industrial relations literature by linking perspectives on industrial relations, often understood as incommensurable, by considering a longitudinal development in perceptions among relevant actors.},
  author       = {Jonnergård, Karin and Larsson-Olaison, Ulf and Stafsudd, Anna},
  language     = {eng},
  month        = {07},
  pages        = {24},
  title        = {Worker representation on corporate boards from a longitudinal perspective : Between corporate governance and industrial relations},
  year         = {2017},
}