The New Global Investors: How Shareholders Can Unlock Sustainable Prosperity Worldwideby Robert A. G. Monks 
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Review
"Robert Monks has written a timely book. Monks 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)
Book Description
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.
Book Info
(Capstone) A call to shareholders in large corporations to demand fairness when it comes to salaries and compensation committees, boards of directors and CEOs. Explains how shareholders are sometimes cheated out of large chunks of profit when committees and boards name their own salaries and benefits, essentially stealing from their shareholders.
From the Inside Flap
The New Global Investors 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, CEOs 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 world’s 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.
Back Cover Copy
" As in his previous work, Bob Monks’ s unique analytical insight and eloquence address the turbulent relationship between corporate ownership and social responsibility. What makes The New Global Investors exceptional is the degree to which Monks’ two sides come together: on every page, the sophisticated, detail-minded investor meets the erudite institutional thinker. This book is a must for anyone with an interest in the governance of corporations and its policy impact." Stilpon Nestor, Head of Corporate Affairs Division, OECD "
This will become the first business classic of the twenty-first century. It describes a new model of wealth creation in which the successful investor is no longer a rentier but a shrewd judge of and contributor to corporate and societal value." ED Mayo, Executive Director, New Economics Foundation "
Bob Monks'’ leadership over the years on issues of corporate governance, and now his challenge to global investors to take responsibility for the social and environmental consequences of their investments puts him at the vanguard of financial thinkers and doers. The New Global Investors should be studied widely by institutional investors. It should generate plans of action to lead us to a more sustainable future for all." Stephen Viederman, former President, Jessie Smith Noyes Foundation "
The governance movement has lacked a conceptual framework. The New Global Investors fills that gap and thereby makes an important contribution to business literature. It identifies corporate governance as one aspect of a more general theory of investment." Sir Adrian Cadbury
" Bob Monks’ ' perceptive and humane insights on shareholder capitalism achieve new heights in The New Global Investors. Global corporations need empowered global investors if they are to be held truly accountable to beneficiaries’ interests and the public good. This visionary new book shows that governments have a critical catalytic role." Allen Sykes, author Capitalism for Tomorrow "
Anyone with an interest in the functioning of the world’ s dominant economic structure should study this highly readable book." Alastair Ross Goobey, Chief Executive, Hermes Pensions Management
.... " … a vital call for action that needs to be heeded by fund managers and their governments." Bob Tricker, founder editor Corporate Governance
" A fascinating insider'’ s look at the history and explosive growth of corporations and how we can — and why we must — make today’ s shareholders fall up to their global responsibilities." Jakob Von Uexkull, Founder and Chairman, The Right Livelihood Award
About the Author
ROBERT A.G. MONKS is the world’ s highest profile shareholder activist. He founded Lens, the institutional activist investment fund which since 1992 has achieved returns in excess of the S& 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. Related Free eBooks | 
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