Codetermination is the inclusion of a corporation's employees on its board. It is a system of corporate governance that allows workers to have a say in the decision-making process of the company. This is common in some European countries, such as Germany, where it is known as Mitbestimmung.

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Codetermination

Question 31

Multiple Choice

Codetermination

A) is the process by which both management and the board establish corporate strategic management.
B) is the inclusion of a corporation's employees on its board.
C) occurs when one or more individuals on one board also serve on other boards.
D) is present when all board members are also employed by the corporation.
E) occurs when minority shareholders concentrate their votes.

Correct Answer: