Models of the Company and the Employment Relationship

  title={Models of the Company and the Employment Relationship},
  author={John Parkinson},
How the company is conceptualized has important implications for employees. Divergent theoretical approaches towards the company are synthesized below to form three models: the ownership, nexus of contracts, and social institution models. The first two endorse current UK corporate governance practice, in which companies are run for the ultimate benefit of their shareholders, who have the exclusive right to appoint the board. The third model questions this arrangement and, more generally, the… CONTINUE READING