| The question raised in this thesis is whether the power granted by employee ownership of a significant amount of shares through pension funds can be used to promote employee interests rather than solely shareholders' interests. Chapter I studies the impact of globalization on employee rights' protection and concludes that a market-based approach, using the power generated by the ownership of shares on corporate management should be privileged to ensure that employee issues are taken into account. However, a study of the legal and practical limits facing shareowners willing to exercise some influence on corporate management needs to be done, which will consist of Chapter II. A review of the practical and legal constraints in investments in the context of fiduciary duties will form Chapter III. The conclusion, taking account of the different limits facing pension funds, will recommend a more active approach to pension fund governance, but in line with the interests of employees as pension fund shareholders. |
