PARTNERSTVO RADA I KAPITALA U KORPORATIVNOM UPRAVLjANjU

Abstract

In this paper the author analyzes the topic related to employees’ participation in decision making process from the aspect of the partnership of labor and capital in corporate management and creation of new value, as well as from the aspect of corporate regulations which provide the framework for establishing the partnership relations between labor and capital. The national legislations of the majority of European countries allow the participations of workers’ representatives in one-tier or two-tier board of governance. Corporate practice reflects a disbalance between formal management rights which the workers’ representatives have based on law and their actual influence on making strategic decisions in their company. In European countries we can see a prevailing compromise between labor and capital which secures a long-term business strategy and stability of job positions. The participations of workers’ representatives in the board of governance should be distinguished from the union activities since there can be a conflict of interest between the union and company’s management bodies. Global regrouping and European integrations have brought into focus the economic and political power of states and companies, while the workers’ and other stakeholders’ interests are of less importance.