Governance Processes, Employee Voice and Performance Outcomes in the Construction of Heathrow Terminal 5

Centre for Business Research, University of Cambridge Working Paper No. 368

28 Pages Posted: 8 Sep 2008

See all articles by Simon Deakin

Simon Deakin

University of Cambridge - Centre for Business Research (CBR); European Corporate Governance Institute (ECGI); University of Cambridge - Faculty of Law

Aristea Koukiadaki

University of Manchester ; University of Cambridge - Centre for Business Research (CBR)

Date Written: June 2008

Abstract

The Major Projects Agreement (MPA) is a framework agreement designed to improve performance in large mechanical and electrical engineering projects. It is built on integrated team working and includes the trade union as a partner in strategic, organizational and employment decisions. The agreement was recently implemented in the construction of Heathrow Terminal 5 (T5). The use of the MPA at T5 illustrates how the promotion of a framework that legitimizes a role for unions in continuing dialogue with employers can positively affect organizational outcomes in large construction projects. While serving as a reminder that mechanisms exist within UK corporate governance for the representation and articulation of the interests of non-shareholder constituencies, T5 may be a unique case: the currently uncertain future of the MPA is indicative of wider constraints on the adoption of the partnership model in Britain.

Suggested Citation

Deakin, Simon F. and Koukiadaki, Aristea, Governance Processes, Employee Voice and Performance Outcomes in the Construction of Heathrow Terminal 5 (June 2008). Centre for Business Research, University of Cambridge Working Paper No. 368, Available at SSRN: https://ssrn.com/abstract=1262170 or http://dx.doi.org/10.2139/ssrn.1262170

Simon F. Deakin

University of Cambridge - Centre for Business Research (CBR) ( email )

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+ 44 1223 335243 (Phone)

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

University of Cambridge - Faculty of Law ( email )

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Cambridge, CB3 9DZ
United Kingdom

Aristea Koukiadaki (Contact Author)

University of Manchester ( email )

United Kingdom

University of Cambridge - Centre for Business Research (CBR) ( email )

Top Floor, Judge Business School Building
Trumpington Street
Cambridge, CB2 1AG
United Kingdom

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