The New Global Investors by Robert A G Monks

The New Global Investors by Robert A G Monks

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Summary

This text describes a new model of wealth creation in which the successful investor is a shrewd judge of and contributor to corporate and societal value, and thus provides a conceptual framework for the governance movement.

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The New Global Investors by Robert A G Monks

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.
Robert Monks has written a timely bookMonks usefully draws lessons in corporate citizenship. Monks' drier style and institutionally based prescriptions are more likely to appeal to the executive mind. So give a copy of the book to you favourite CEO, board member or pension fund manager. They will learn things that will make them much better at their jobs. (Management Today, March 2001) Though written from a mainly US perspective (where, after all, corporate excesses started), this should be read by anyone concerned with corporate governance. (The Director, June 2001) He has produced one of the most thought-provoking books on modern capitalism... Monks carries none of the baggage that characterises other authors operating in the field and presents carefully considered arguments to support his case. (Sunday Times - Book of the Week, 17th June 2001) a highly readable insight... (Lloyd's List, 4th August 2001) both an entertaining and thought-provoking read (Professional Manager, September 2001) ...Interesting man, Interesting book. (Professional Investor, 1 November 2001) ..an excellent contribution to the debate on investment.. (Sunday Times 23 December 2001)
SKU Unavailable
ISBN 13 9781841121093
ISBN 10 1841121096
Title The New Global Investors
Author Robert A G Monks
Condition Unavailable
Binding Type Hardback
Publisher John Wiley and Sons Ltd
Year published 2001-04-10
Number of pages 232
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.