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fiduciary duty

Tuesday, April 26, 2011

Directors: Like parsley on fish

Some reflections after reading What's a Director to Do?  By Joseph Fuller and Michael C. Jensen. The emergence of the CEO as autocrat has reduced the position of boards of directors to "parsley on fish."  If a different system is desired, boards will have to change in virtually all… April 26, 2011 | accountability , fiduciary duty , board collegiality , directors , independent directors
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
Monday, April 18, 2011

Goldman's Tin Ear?

Apparently, the questions raised with Goldman Sachs in the Hearings a year ago before the Financial Crisis Investigations Committee and Senator Levin's sub committee will persist. Was Goldman "tin eared", a little less than candid or did they deliberately misrepresent facts? Both Levin's committee and the newly published Money… April 18, 2011 | accountability , Financial Crisis Inquiry Commission , financial crisis , fiduciary duty , self-regulation , Corporate Power
Monday, March 7, 2011

A Response to the FCIC Final Report- Part II

Response to FCIC Final Report: Part II Management Risk & Negligence There were many losers in this crisis, but there was a consistent, if small, class of winners:  the principal executives of the major financial institutions -- both those that survived and those that did not -- all walked… March 7, 2011 | Financial Crisis Inquiry Commission , financial crisis , Wall Street , bailout , fiduciary duty , accountability
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Copyright 2021 by Robert A. G. Monks