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KembaraXtra – Legal Terms – Industrial Democracy
Industrial democracy refers to employee participation in the management and decision-making processes of a company. This may include employee representation on boards of directors or consultation mechanisms.
The concept aims to balance economic power within organizations and promote fairness and cooperation. While not universally adopted, industrial democracy has influenced labour relations and corporate governance models.
Industrial democracy refers to employee participation in the management and decision-making processes of a company. This may include employee representation on boards of directors or consultation mechanisms.
The concept aims to balance economic power within organizations and promote fairness and cooperation. While not universally adopted, industrial democracy has influenced labour relations and corporate governance models.
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