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Published online 4 October 2002 | Nature | doi:10.1038/news021001-12
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Old-boy network's power exposed
Soon it could take more than a secret handshake to swing boards' decisions.
Cliques of well-connected businessmen can easily corrupt or distort corporate board decisions, but now a team of scientists say they can assess how much power old-boy networks have over boardroom meetings.
"A well-connected lobby of a minority of directors can drive the decision of the board," say Stefano Battiston of the Ecole Normale Supérieure in Paris and co-workers1.
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