Wednesday, April 27, 2011

ERISA activism

ERISA was signed into law in the 1970's. Why has there never been any activism on behalf of ERISA beneficiaries? A major breach of fiduciary duty by pension plan managers. Bob Monks, April 27, 2011 April 27, 2011 | ERISA , responsible ownership , fiduciary duty , trustees , Pension , ownership
Thursday, October 2, 2003

To Harvard With Love

Letter from Bob Monks to Lawrence (Larry) Summers, then President of Harvard, October 2, 2003.  Bob points out that Harvard is not acting as an involved and responsible shareholder despite being a leader in corporate governance education. October 2, 2003 | responsible ownership , institutional investors , university investments , trustees
Monday, May 18, 2015

The Kabuki Theater of Corporate Governance

 “In theatre traditions of Asia such as the … Japanese Kabuki, the actor is the show. The stories are well known myths and historical epics, so everyone knows the plot. The audience is there to see the performer’s mastery of stylized movements, traditional vocal patterns and their otherworldly appearance in… May 18, 2015 | trustees , CEO power , shareholder rights , fiduciary duty , institutional investors , shareholder activism
Wednesday, June 22, 2011

And the answer is.... I still don't know.

In looking back over the recent blog posts that I called “Appearance of Reality,” it occurs to me that several anomalies in contemporary Corporate Governance are worth mentioning. I had hoped to solve some of these inconsistencies -- at least in my own mind but many questions still remain… June 22, 2011 | corporate domicile , accountability , corporate governance , ownership , globalization , responsible ownership , trustees , Disinformation
Thursday, May 5, 2011

Where is the activism on behalf of ERISA beneficiaries?

Pensions are a topic on which I've spent a lot of time and effort.  I was appointed by President Reagan to run the office of Pensions and Welfare Benfits in the Department of Labor where I was also the ERISA Administrator.  It occurred to me recently that after all… May 5, 2011 | ERISA , Pension , shareholder activism , responsible ownership , trustees , fiduciary duty
Wednesday, April 20, 2011

Trustee failure and the financial crisis

There is widespread agreement in the US, the UK[1] and the European Union that the failure of shareholders – a majority of whom are trustees – to adequately monitor and to protest the management of portfolio companies (especially in the financial sphere) was a major cause of losses suffered… April 20, 2011 | trustees , fiduciary duty , financial crisis , responsible ownership
Tuesday, April 19, 2011

The Appearance of Reality: Trustees

This is the fourth post in my effort to clarify corporate governance terms that now seem misleading to me. We all know what these words mean in a literal sense but in the context of governance, of business and of our post-crash world do they still mean the same… April 19, 2011 | accountability , fiduciary duty , institutional investors , Pension , trustees , Disinformation
Copyright 2022 by Robert A. G. Monks