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California Effort to Increase Number of Women on Corporate Boards Suffers Setback

California Effort to Increase Number of Women on Corporate Boards Suffers Setback
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The Case for Codetermination: Advantages of Worker Representation


The Case for Codetermination: Advantages of Worker Representation
The Case for Codetermination: Advantages of Worker Representation
December 24, 2020
In recent years, American corporations have faced a crisis of legitimacy. A 2020 Gallup poll found that 58 percent of Americans were somewhat or very dissatisfied with the size and influence of large corporations, and only 19 percent of those surveyed reported having quite a lot or a great deal of confidence in big business. This development, no doubt driven in part by rising inequality and corporate greed, represents a serious problem for large corporations, who have attempted to bolster their reputations in a variety of ways. However, despite attempts by corporate leaders to present a more socially-conscious image, reforming corporate behavior will require a more foundational rethinking of how corporations are governed. The modern American corporation operates off a system of shareholder primacy, prioritizing the needs ....

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