Tag Archives | FSBA

Listing Standards Requested by CII

Listing standards change sought by the Council of Institutional Investors (CII). CII filed petitions with the New York Stock Exchange (NYSE) and the NASDAQ, asking both to limit listings of companies with dual-class share structures. They have taken the right approach to address a growing problem. I hope it ends a worldwide race to the bottom for listing standards. Alternatively, adoption of the suggested listing standards could reestablish that US based companies are more democratic and accountable than counterparts based elsewhere. Continue Reading →

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Wayback Machine: Ten Years Ago at CorpGov.net

Ten years ago this month I posted a review of Monks, Robert A. G., The New Global Investors: How Shareowners Can Unlock Sustainable Prosperity Worldwide, Capstone Publishing, 2001. “His perspective is that of an aristocratic shareholder activist, not a street demonstrator against the World Trade Organization… Monks appears to believe, and I agree, that corporate control has been largely hijacked by CEOs for their own selfish interests.”

This seemed to be something of a turning point book for Monks. In previous books, he rejected the need for new laws. “No new laws need be passed, no new regulations promulgated, no new agencies formed,” as he says again in this volume on page 184. However, by the next page he concludes that “amendments or possibly new regulations may prove necessary.” Good, but then he went on to write that the Continue Reading →

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