Developing changes in accounting, which aim to more accurately reflect intangible assets and liabilities, will make those costs yet more explicit. In short, a poor social or ethical record destroys shareholder value over time. The New Global Investors sketches a provocative history of investing from the East India Company to Viacom and Microsoft, outlining the anatomy of the modern corporation and identifying where things went wrong. A visionary who has often proven himself to be more than one stroke ahead of a wave, Monks uses history to trace a broader framework around the corporate governance movement of the 90s. He moves the debate beyond traditional questions about managements' accountability to shareholders to focus on the shareholders' responsibility to protect their companies' futures.
Monks is recognized as a world authority on corporate governance.
He is the founder of Institutional Shareholder Services, the leading corporate governance consulting firm, and founder of Lens Investment Management, the shareholder activism specialist. He is also well known for his governance work in Europe. Robert A. G. Monks lives in Portland, Maine, and devotes much of his time to traveling across the globe speaking on corporate governance issues. The New Global Investors is Monks's fifth book.