As any company project related to the democratization does, the institutionalization of employee representation with voting rights of the board of directors aims at a rebalancing of power. The analysis of worker directors’ representations seen through the concept of participation in decision-making as developed in the sociology of industrial relations reveals a different picture. Rather than power, these actors are limited to the ability to have influence in a situation of imperfect deliberation given the weight of another actor, the shareholder.