Robert Monks and his longtime collaborator, Nell Minow, issued a clarion call for reform with their 1991 book Power and Accountability. The book’s cover posed a stark truth: Corporations determine far more than any other institution the air we breathe, the quality of the water we drink, even where we live. Yet they are not […]
Meta Lawsuit: In Brief Many thanks to Rick Alexander and The Shareholder Commons for allowing me to play a small role in opening up a new legal battle. The Meta lawsuit contends that directors of Meta Platforms, formerly Facebook, must consider the effects of its commercial activities on the portfolios of Meta shareholders, not just Meta’s short-term […]
Saving American Democracy in the Age of Citizens United, that’s the subtitle of a new book by Robert A.G. Monks entitled The Emperor’s Nightmare. The subtitle speaks to the book’s forward thrust. The title puts that in the context of a long journey in corporate governance by Monks. The cover of Power and Accountability in 1991 […]
Nell Minow is one of my heroes. Her 1991 book with Bob Monks, Power and Accountability: Restoring the Balances of Power Between Corporations and Society, helped me give a name and framework to what I thought was the world’s most important overlooked problem — corporate governance. During the last 27 years, I have never met […]
I’ve received praise before: CII said my petition to the SEC on proxy access “re-energized” the debate on that subject, Lexis-Nexis subscribers listed my site among the top 25 business blogs and the NACD put me on a list of “people to watch.” However, never have I felt so honored as when I heard Bob […]
2012 saw shareholders voting down pay deals, Apple pulled up on labour conditions & execs at Starbucks & Amazon grilled over UK tax avoidance. Lucy Marcus rounds up the year in boards. (more…)