| Author: | Parkinson, J. |
| Title: | Models of the company and the employment relationship |
| Journal: | British Journal of Industrial Relations
2003 : SEP, VOL. 41:3, p. 481-509 |
| Index terms: | Corporate governance Shareholders Stakeholders Company ownership |
| Language: | eng |
| Abstract: | How the company is conceotualized has important implications for employees. Divergent theoretical approaches towards the company are synthesized to form three models. The first two endorse current UK corporate governance practice, in which companies are run for the ultimate benefit of their shareholders, who have the exclusive right to appoint the board. The third model questions this arrangement and, more generally, the characterization of the company as a wholly private association. |
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