|Amazon Price||New from||Used from|
"a facinating read" (City AM podcast www.cityam.com,Wednesday 23rd January 2008)
"...a timely new book...deserves to be read." (Pensions& Investments, Monday 21st January 2008)
Corporations were conceived and first chartered to serve thepublic good to exploit hard-to-find resources and toundertake projects individual businesspeople couldn't manage alone.But times have changed, corporate executives have taken on regalauthority, and the public good has been dropped from theequation.
Modern corporations are free to maximize their wealth but owenothing to the individuals and communities around them. They balkat government regulation and lock out shareholders while executivesuse inside baseball to reward themselves with massive pay packages.Today's CEOs are beholden to one thing onlyprofit forprofit's sakeand our communities, our workforce, and ourenvironment frequently suffer for it. While over-regulation ofcorporations will destroy the economy, doing nothing to changecorporate behavior might well destroy everything else.
In Corpocracy, longtime corporate lawyer, venture capitalist,and shareholder activist Robert Monks reveals how corporationsseized control, how they abuse their power, and what wecanand mustdo to rein them in. In this clear andcareful analysis, Monks outlines a plan for reconciling thecompeting interests of corporations and society through thoughtfulshareholder activism that protects the interests of corporationsand everyone else.
Shareholder control over large corporations is as weak as it hasever been. Not only are corporations rarely held to account bygovernment regulation, they face even less control by those whoseinterests they ostensibly serve. Yet, when engaged and active,shareholders still hold the power to influence corporate behaviorand governance in ways that can benefit everyone.
Corporate capitalism is still the best chance for mankind toimprove life on earth. But corporations must be made to operatewithin the rules of legitimate authority without retarding theirability to create wealth. It's up to us to find a path that reinsin corporations without stifling their ability to innovate andprofit. Corpocracy is the map that will guide us to bettercorporations and a better world for us all.
What Sir Adrian Cadbury and others have written on the importance of this book, its incisiveness and the impact of the issue cannot be stressed enough. Read morePublished on October 8, 2011 by Scott S. Lichtenstein
The author has given a great expose' on the problems of abuse that exist in corporate America. The expectation that corporate boards are serving as a watch dog in their duties is... Read morePublished on May 28, 2008 by Dwight L. Short