Robert A.G. Monks has a new site and blog. It looks great. Read his Response to the Financial Crisis Inquiry Report: Part 1. Monks once again identifies owners as the appropriate party to monitor corporate management. He notes that Greenspan was not only mistaken in his belief that corporations will preserve and enhance their own value, but he failed to recognize that CEOs can be counted on to advance their own interests at the expense of the institutions to which they have fiduciary duty.
While we eagerly await Part 2, feast your eyes and ears on this Bulletproof Blog™ video “with corporate governance pioneer and shareholder activist Robert Monks” who discusses “how recent public sector developments have impacted corporate boards of directors.”