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Bonus Quotation of the Day…

… is from pages 448-449 of Henry Hansmann’s and Reinier Kraakman’s 2001 Georgetown Law Journal article “The End of History for Corporate Law“:

The mandatory inclusion of any set of stakeholder representatives on the board is likely to impair corporate decisionmaking processes with costly consequences that outweigh any gains to the groups that obtain representation.

DBx: Are Elizabeth Warren and her fans listening?