Denmark has similar structures in place - for employee representation, anyway.
http://www.bechbruun.com/en/Services/Setting+Up+in+Denmark/C...
I've been reading up on Denmark, because they seem to have a very balanced system, where regulations make sense and corruption is low. The workers are paid well, and the social safety net is pretty robust. Still learning a lot, and I'd love to hear from people who know more.
>Denmark’s economy performs notably well in regulatory efficiency. Open-market policies sustain flexibility, competitiveness, and large trade and investment flows, and the transparent and efficient regulatory and legal environment encourages robust entrepreneurial activity. Banking regulations are sensible, and lending practices are prudent. Monetary stability is well maintained, and the judicial system provides strong protection for property rights. Political pressure for expanded government spending has been increasing, but such institutional assets as high degrees of business efficiency and regulatory flexibility have counterbalanced some of the shortcomings of heavy social spending.