EFTA Document EFTA01379761

Page 23 21 Health Matrix 189, * associated. Professor Bainbridge considers this power of the "reputational" community to be an important reason why corporate law requires firms to be managed by a "board" and not by the fiat of a single individual. n86 Bainbridge wants this power to be deployed in advance of shareholder primacy, "9 but it can also help enable a loyal, capable multi- stakeholder corporate governance regime. Another important member of the corporate reputational community is