Are employee participation rights under pressure? Trends at national and EU level
Where do we stand 11 years later? Just a few weeks before the launch in autumn 2012 of a new Action Plan on Company Law and Corporate Governance by Internal Market Commissioner Michel Barnier, the time is ripe to assess the EU’s commitment to this safeguarding principle. Concerns have been raised as to whether the relevant provisions of EU law do actually provide the requisite protection (Van het Kaar 2011) and the question is all the more topical in a current economic context which, in the opinion of some parties, should rather enhance employee involvement at company level. As the European Parliament put it in a June 2012 resolution: ‘the financial crisis has demonstrated the need for a clearer corporate governance framework which focuses more strongly on stakeholder participation’ (European Parliament 2012).
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