Should large corporations be required to allocate a percentage of their board of directors seats to employee-elected representatives?

Co-determination is a corporate governance model where employees hold a specific percentage of board seats, a practice common in several European countries but largely absent in the United States. Proponents argue that giving workers a formal voice at the highest level of management curtails extreme executive compensation, prevents hostile takeovers, and stabilizes local economies by discouraging offshoring. Opponents argue that legally mandating employee board representation violates the property rights of shareholders, slows down executive decision-making, and could make American companies less competitive in the global market.