Does Good Corporate Governance Include Employee Representation ...

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Does Good Corporate Governance Include Employee Representation? Evidence from German Corporate Boards by Larry Fauvera and Michael E. Fuersta ,* aDepartment of Finance, University of Miami, Coral Gables, FL 33146, USA Abstract Within the German corporate governance system, employee representation on the supervisory board is common and typically legally mandated. When labor has detailed knowledge of firm operations, we propose that labor representation on corporate boards brings valuable first-hand operational knowledge to corporate board decision-making.

• management board
• bank representatives
• employee representation
• supervisory board
• allocation of employees among affiliated firms
• firms
• corporate governance
• firm
• employees