Question
Download Solution PDFCo-determination is used for:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Industrial democracy
Key Points
- A form of corporate governance known as codetermination allows members of a company's staff to elect their peers to the board of directors.
- The system of codetermination can help lessen workplace friction between employers and employees by allowing employees to be represented on the board of directors alongside shareholders because the latter are able to participate in operating the company.
Additional Information
- Collective bargaining refers to the procedures through which the terms of payment within the workforce are negotiated.
- Union leadership is forming a Union.
- action taken by employees of a company as a protest, especially striking or working to rule.
Hence, the correct answer is Industrial democracy.
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