Industrial democracy

Industrial democracy is a system where workers have a say in how their workplace is run, often through participation in decision-making processes like supervisory boards or workers’ councils. It aims to promote fairness, shared responsibility, and transparency, giving employees a voice in management policies, working conditions, and corporate decisions. This approach fosters a more collaborative environment between employers and workers, balancing power, increasing motivation, and improving organizational effectiveness. Essentially, it integrates workers’ interests into the governance of companies, emphasizing democratic principles within industrial and business settings.