Collective bargaining as a corporate governance tool for industrial democracy: the Nigerian experience

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Date
2017
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Publisher
Panamaline Books Distributors Limited
Abstract
This article has carefully examined the mechanism of collective bargaining within the context of corporate governance. It posits that the mechanism serves certain important corporate governance purposes to wit; it helps in ensuring industrial democracy by providing an opportunity for employees to participate in corporate decision-making. It also ensures industrial peace by providing a platform for dialogue as a way of settling industrial disputes. Collective bargaining is also important in that it enables employers to improve the working conditions of employees as a way of guaranteeing job satisfaction, thereby, improving productivity. Negotiations under collective bargaining yield collective agreements between management and workers. That notwithstanding, is it obvious that the non-enforce ability of collective agreements works to whittle down the import of embarking on collective bargaining through negotiations
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Keywords
Nigeria, commercial law, corporate governance, bargaining, industrial democracy
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