Corporate governance - the way that major businesses are run - has been of in-creasing concern in recent years. Financial scandals in companies like Enron and WorldCom, as well as similar problems in Europe, have resulted in most major countries introducing corporate governance codes. However,...

A sturdy framework -- Making of a governance revolution -- Board basics -- Dealing with your liability up front -- Minding the numbers : the audit committee -- How much is fair? : the compensation committee -- Keeping it clean: the corporate governance/nominating committee -- Other committees to...

Employees in Swedish firms have the legal right to be represented on the company board. However, in a considerable share of Swedish listed firms, this option is not exercised. This paper asks why that is the case. We use a simple framework, based on rational choice by individual employees. Our...