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Employees and Corporate Governance by Margaret M. Blair, Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers or directors. Neglected in this vast literature is the role of employees in corporate governance. Yet "human capital, " embodied in the employees, is rapidly becoming the most important source of value for corporations, and outside the United States, employees often have a significant formal role in corporate governance.This volume turns the spotlight on the neglected role of employees by analyzing many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany and Japan. Examining laws and contexts, the essays focus on the framework for understanding employees' role in the firm and the implications for corporate governance. They explore how and why the special legal institutions in German and Japanese firms by which employees are formally involved in corporate governance came into being, and the impact these institutions have on firms and on their ability to compete. They also consider theoretical and empirical questions about employee share ownership.The result of a conference at Columbia University, the volume includes essays by Theodor Baums, Margaret M. Blair, David Charny, Greg Dow, Bernd Frick, Ronald J. Gilson, Jeffrey N. Gordon, Nobuhiro Hiwatari, Katharina Pistor, Louis Putterman, Edward B. Rock, Mark J. Roe, and Michael L. Wachter.Margaret M. Blair is a senior fellow in Economic Studies at the Brookings Institution and author of Ownership and Control: Rethinking Corporate Governance for the Twenty-first Century (Brookings, 1995). Mark J. Roe, professorof business regulation and director of the Sloan Project on Corporate Governance at Columbia Law School, is the author of Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, 1996).
Insurance Corporation of British Columbia - The Insurance Corporation of British Columbia, or ICBC, is a provincial Crown corporation created in 1973. ICBC is responsible for administering automobile insurance policies and overseeing automobile and driver licensing in the province, including issuing licence plates to all automobiles registered in the province. British Columbia Resources Investment Corporation - The British Columbia Resources Investment Corporation, or BCRIC (promounced "brick") was a holding company formed under the government of William R. Bennett. Southern Railway of British Columbia - The Southern Railway of British Columbia is a Canadian short line railway operating in the southwestern mainland portion of British Columbia. The railway was formerly owned by Crown corporation BC Hydro and was known as the British Columbia Electric Railway (BCER) until being sold and renamed to SRY in 1989. Tsawwassen, British Columbia - Tsawwassen is a suburban, mostly residential neighbourhood in the southwestern part of the Corporation of Delta, British Columbia, Canada. Tsawwassen has an estimated population of 25,000 permanent residents. britishcolumbialotterycorporation
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