labor unions, corporate governance
Labor unions exert significant power through collective bargaining, pension fund investing, and political advocacy. But in each of these areas, unions face inherent structural limitations that severely constrain these powers. Workers need participation rights in corporate governance to overcome the multiplicity of forces arrayed against them. And rather than obviating the need for unions, worker corporate power would facilitate a different kind of labor representation — a transition to labor power that advocates for occupational interests and forms coalitions across the shifting political interests of different worker groups.
Bodie, Matthew T., Labor Interests and Corporate Power. Boston University Law Review, Vol. 99, 2019, Saint Louis U. Legal Studies Research Paper No. 2020-19.