The New Global Investors: How Shareowners can Unlock Sustainable Prosperity Worldwide

by Robert A. G. Monks

• ISBN13: 9781841121093
• ISBN10: 1841121096
• Format: Hardcover
• Copyright: 2001-05-01
• Publisher: Capstone Ltd

Summary

Large corporations dominate our world. More than any other factor it is corporations that decide who is rich and who is poor, what kind of education we enjoy, the quality of our environment and the use of force in international affairs. Corporate energy is perceived as the single most effective tool for creating wealth and solving society's problems. But there is a price, and a new and potentially destructive element has emerged which fundamentally changes and increases the danger that big business represents. Through control over their boards of directors, their compensation committees, 'independent' consultants, the accounting authorities and even governments, CEO's have acquired the capacity to pay themselves as much as they wish. Is there now any effective limit to the power of corporate management? As the worlds most prominent and notorious shareholder activist, Robert Monks has relentlessly stalked ineffective management, waking it, shaking it, and replacing it. The New Global Investors is his most powerful call yet for a more accountable corporate world.

Author Biography

<B>ROBERT A.G. MONKS </B> is the world&#146; s highest profile shareholder activist. He founded Lens, the institutional activist investment fund which since 1992 has achieved returns in excess of the S&#38; P 500 average throughout its life and has exceeded them by over 100 0uring the last three year period. Robert A. G. Monks is the author of four best selling books on investment and corporate accountability.

Table of Contents

Acknowledgements	xi
Introduction and Summary	1	(8)
Adaptability: Corporations Can Change	9	(11)
The Promise: Institutions Arise to Encourage the Expression of Genius	20	(22)
The Problem: Corporate Hegemony Threatens a Free Society	42	(37)
The Solution: The New Global Investors	79	(32)
A Fiduciary Framework: A Setting for Investments	111	(34)
The Language of Accountability: How to Depict True Corporate Value	145	(30)
Conclusion - Where We Are and Where We are Heading: How to Restore Authentic Corporate Ownership	175	(16)
Appendix I: Brightline®	191	(8)
Appendix II: Stone & Webster Employee/Beneficiary Remedies	199	(14)
Index	213