Description: Ten essays, collected by Blair (economic studies, Brookings Institution) and Roe (business regulation, Columbia Law School), comparatively examine employee participation in corporate governance in Germany, the US, and Japan. Several of the essays explore why the role of employees in governance is more limited in the US than abroad. Additionally, three types of governance arrangements are explained and analyzed: codetermination in Germany, lifetime employment and enterprise union in Japan, and the few American situations in which employees have become significant stockholders in the corporations in which they work.

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