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<blockquote data-quote="rickyb" data-source="post: 1553377" data-attributes="member: 56035"><p>Germany's system of <strong>“co-determination”</strong>, under which companies with more than 2,000 workers <strong>must draw at least half of their supervisory board members either from the workforce directly or from trade unions.</strong></p><p></p><p>if i recall, VW is planning on bringing this model to america very soon. richard d wolff mentioned it in his radio program</p><p></p><p><a href="http://en.wikipedia.org/wiki/Codetermination_in_Germany" target="_blank">http://en.wikipedia.org/wiki/Codetermination_in_Germany</a></p><p></p><p>heres an older article:</p><p><a href="http://www.autonews.com/article/20140224/OEM01/302249981/at-volkswagen-labor-is-indeed-a-full-partner" target="_blank">http://www.autonews.com/article/20140224/OEM01/302249981/at-volkswagen-labor-is-indeed-a-full-partner</a></p><p></p><p>Both politicians apparently don't know or don't care that both Volkswagen AG and BMW AG -- by German law --<strong> have supervisory boards with half their members from labor unions. </strong></p><p></p><p>It's right on the BMW Group Web site: "In accordance with the regulations contained in the German co-determination Act, BMW AG's Supervisory Board <strong>shall comprise ten shareholder representatives ... and ten employee representatives." </strong></p><p></p><p>In Germany's two-board corporate structure, what does the supervisory board do? It appoints the management board and has veto power on any decision to open or close plants.</p><p></p><p>As managing editor of <em>Automotive News Europe</em>, I lived in Germany for five years. Germans take the co-determination act seriously. To them, the law's enforced sharing of power between labor and management is a foundation of their post-war economic miracle -- it's how Germans boot-strapped themselves back to prosperity.</p><p></p><p>And the poster child, the shiniest example, of co-determination is VW.</p><p></p><p>who says theres no alternative to capitalism and state socialism?</p></blockquote><p></p>
[QUOTE="rickyb, post: 1553377, member: 56035"] Germany's system of [B]“co-determination”[/B], under which companies with more than 2,000 workers [B]must draw at least half of their supervisory board members either from the workforce directly or from trade unions.[/B] if i recall, VW is planning on bringing this model to america very soon. richard d wolff mentioned it in his radio program [URL]http://en.wikipedia.org/wiki/Codetermination_in_Germany[/URL] heres an older article: [URL]http://www.autonews.com/article/20140224/OEM01/302249981/at-volkswagen-labor-is-indeed-a-full-partner[/URL] Both politicians apparently don't know or don't care that both Volkswagen AG and BMW AG -- by German law --[B] have supervisory boards with half their members from labor unions. [/B] It's right on the BMW Group Web site: "In accordance with the regulations contained in the German co-determination Act, BMW AG's Supervisory Board [B]shall comprise ten shareholder representatives ... and ten employee representatives." [/B] In Germany's two-board corporate structure, what does the supervisory board do? It appoints the management board and has veto power on any decision to open or close plants. As managing editor of [I]Automotive News Europe[/I], I lived in Germany for five years. Germans take the co-determination act seriously. To them, the law's enforced sharing of power between labor and management is a foundation of their post-war economic miracle -- it's how Germans boot-strapped themselves back to prosperity. And the poster child, the shiniest example, of co-determination is VW. who says theres no alternative to capitalism and state socialism? [/QUOTE]
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