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date: 05 March 2021

Abstract and Keywords

Corporate governance has long been theorized and criticized within the template provided by neoliberalism. This assumes that social relations will become most honest and productive when modelled on market relations. Yet this also results in a business culture of mistrust and endless audit. Participatory governance forms have certain advantages, which need clearly understanding and articulating. Firstly, they treat dialogue as a better principle for relations within the firm than competition. Secondly, they treat ambiguity of value as a virtue, which can yield innovation. However, there is insufficient training, expertise, and practice for these advantages to come properly to light. As a result, we remain too often stuck with a dysfunctional model, whose failures are met with calls for more of the same.

Keywords: neoliberalism, governance, corporations, co-operation, agency

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