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Does industrial democracy work?

In Germany and to a lesser extent in other European jurisdictions, there is legislation to include workers and other stakeholders on supervisory boards. This is in contrast to the Anglo-Saxon model where there is less  regulation, particularly in the US.

Have Northern Europeans got a better business model? What are the practical results of enforced inclusivity? Does it produce greater fairness? Does it increase overall wealth? How far should UK companies go in emulating their continental colleagues, without enforcement? Is the US ever likely to move in this direction?

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