There is a good chunk research indicating that when employees share governance, it has a mild positive effect on productivity & firm survival: https://voxeu.org

There is a good chunk research indicating that when employees share governance, it has a mild positive effect on productivity & firm survival: https://voxeu.org/article/worker-representation-worker-welfare-and-firm-performance https://voxeu.org/article/worker-representation-worker-welfa... There are many short term pressures on executives and finance people. Sharing power with the people their decisions affect leads to better outcomes for the business than when they use their power over workers for short term gain.