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Robert
A.G. Monks is the publisher of
http://ragmonks.blogspot.com
and
http://www.ragm.com, which are
focused on the assembly and dissemination of information and
opinion about global issues of corporate governance. Mr. Monks
is a substantial shareholder in, and advisor to, Trucost, the
environmental research company. He is also the founder of Lens
Governance Advisors, a law firm that advises on corporate
governance in the settlement of shareholder litigation. His
principal occupation is the development of ideas harmonizing
corporate energies with the long-term interests of global
society.
He was the founder of Institutional Shareholder Services, Inc.,
and served as its president from 1985-1990. ISS is now the
leading corporate governance consulting firm, advising
shareholders with assets in excess of $1 trillion on how to vote
their proxies. In January 2007, ISS was sold to Riskmetrics. He
founded the investment fund known as LENS, which since 1992 has
developed the “institutional activist” mode of investment. The
fund has achieved returns in excess of the S&P average
throughout its life. In 1998, in partnership with British
Telephone Pension Scheme to promote the same investment
principles in the United Kingdom, he founded Hermes LENS Asset
Management Company of which he served as Joint Deputy Chairman.
This fund also exceeded its index performance standard.
Mr. Monks served as the President of Henley Management College’s
Center for Board Effectiveness from 2000 to October 2003. He is
also the board chairman of Governance for Owners – G40 - for
both the London and U.S. based share-ownership services venture
formed by former Hermes directors Peter Butler and Steve Brown
which has initially focused on a European fund informed by the
principles of value to be added by proper governance.
He is a graduate of Harvard College, Cambridge University and
Harvard Law School. He was a partner in a Boston law firm and
served as vice president of Gardner Associates, an investment
management company. He was president and chief executive officer
of C.H.Sprague & Son Company, a coal and oil concern and served
as a board member and chairman of the Board of The Boston Safe
Deposit & Trust Company and the Boston Company. He served as
director of the United States Synthetic Fuels Corporation
through appointment by President Reagan who also appointed him
one of the founding Trustees of the Federal Employees’
Retirement System. He served in the Department of Labor as
Administrator of the Office of Pension and Welfare Benefit
Programs having jurisdiction over the entire U.S. pension
system.
Mr. Monks has served as a member of the board of directors of
ten publicly held companies. He has spoken, written and
testified widely on corporate governance matters over the past
twenty years. These materials are largely available at
www.thecorporatelibrary.com, including the full text of the
first of three books he co-authored with Nell Minow, Power and
Accountability (Harper Business, 1991). With Nell Minow, he also
wrote Corporate Governance (Blackwell Publishing, 1995), the 4th
edition is scheduled to be published in January 2008, and
Watching the Watchers (Blackwell Publishers, 1996). He wrote The
Emperor’s Nightingale (Capstone, April 1998) and The New Global
Investors: How Shareowners Can Unlock Sustainable Prosperity
Worldwide (Capstone, May 2001). Mr. Monks was also the subject
of a biography chronicling the corporate governance movement – A
Traitor to His Class - by Hilary Rosenberg published by Wiley
in 1999. Mr. Monks first novel, Reel and Rout was
published by the Brook Street Press, February 2004. In December
2007, Mr. Monks’ Corpocracy was published by Wiley.
Mr. Monks was also 2008 Co Chairman of
Republicans for Obama in Maine, and is the Co Chairman of the
2008 World Economic Forum Council on Corporate Governance.
Mr. Monks has received a number of awards and
accolades in the course of his distinguished career, including:
2008 Directorship 100 Hall of Fame
Award - Directorship Magazine
September, 2008 - "Scholars tracing the origins of the American
shareholder movement would do well to start with Robert A. G.
Monks. The cofounder of Institutional Shareholder Services (now
part of the powerful RiskMetrics Group), The Corporate Library,
the LENS Fund, and Governance for Owners is the ultimate
shareholder activist, inventing new methods to measure, rate,
and monetize corporate accountability for the good of investors.
Some board members may see him as a polarizing figure—his latest
book is titled Corpocracy—but his influence on the role of
directors is undeniable."
2007 Outstanding Financial Executive
Award - FMA (Financial Management Association)
October 19, 2007 - The Financial Management Association
International (FMA) was established in 1970 and has become the
global leader in developing and disseminating knowledge about
financial decision making. FMA's members include academicians
and practitioners across the world. FMA seeks to broadens the
common interests between academics and practitioners; provide
opportunities for professional interaction between and among
academics, practitioners and students; promote the development
and understanding of basic and applied research and of sound
financial practices; and enhance the quality of education in
finance. FMA sponsors numerous awards and honorary recognitions
to recognize and encourage outstanding scholarly achievement and
practice in the field of financial management. Its Outstanding
Financial Executive Award is awarded at the FMA's annual
conference, and is one of its most important and distinguished
awards.
Special Award for Corporate
Accountability - Investor Relations Magazine
April 1, 2004, NEW YORK - "New York Marriott Marquis played host
to an evening celebrating the best of US investor relations: the
ninth annual IR Magazine US Awards in association with Barron's.
MC for the night Maria Bartiromo, CNBC anchor, welcomed the 800
guests, and noted the importance of celebrating best practice in
the difficult economic environment. A new feature for this
year's ceremony was the award for corporate accountability,
sponsored by Freddie Mac, and awarded to governance experts Bob
Monks and Nell Minow. Accepting the award, Minow referred to the
fact that The Corporate Library, of which she is the editor,
recently awarded Freddie Mac a 'D' rating for its corporate
governance. 'If there was an award for good sportsmanship, it
should go to Freddie Mac, as we gave them such a horrible
rating!' she quipped. Winners for the awards were chosen in 20
categories through an independent survey of 3,514 investors and
analysts conducted by New York-based Erdos & Morgan. Interviews
with buy-side analysts and portfolio managers, sell-side
analysts and retail investors took place from January-February
2004. Thomson Financial supplied contacts from the buy side and
sell side while WILink and Barron's Online supplied individual
investor contacts. The full results, together with comments from
respondents about the nominated and winning companies, are
available in the IR Magazine US Awards 2004 research report."
2002 International Corporate
Governance Award - ICGN
November 5, 2002 – Bob Monks, an American who is a world leader
in corporate governance and shareholder engagement, has today
received the International Corporate Governance Award from the
ICGN (the International Corporate Governance Network) in
recognition of his achievements in the field of corporate
governance. The award is presented to individuals who have
markedly improved the state of corporate governance in one or
more jurisdictions, overcoming challenging obstacles requiring
vision, courage, and fortitude.
Presenting the award to Bob Monks, Sir Adrian Cadbury, the
recipient of last year’s inaugural award commented, “Bob has
been in the forefront of corporate governance for over 20 years,
during which time he has made a major contribution to the theory
and practice of corporate governance both in the US and the UK.”
Monks said, “I am delighted to receive this award from the ICGN
which continues to be the global thought leader on issues of
corporate governance. In the wake of economic downturn and
corporate failures, corporate governance is more important than
ever to long term growth and sustainability. I believe we are
winning the intellectual and economic arguments supporting our
cause and that the value of sound corporate governance has
become widely recognised. Good governance is the essential
component of equity culture; a healthy equity culture is the
basis of personal and national wealth. Organisations like the
ICGN make a vital contribution to this campaign and I look
forward to the new challenges that lie ahead for the corporate
governance movement in the future.” The award was presented at
Hermes’ Stewardship & Performance Dinner, which was held in
London on Monday, 4 November 2002, in front of around 120 guests
from 20 countries.
Robert A.G.
Monks
100 Monastery Road
Cape Elizabeth, Maine 04107
Telephone: (207) 741-2795
Fax: (207) 767-1835
Email: ragmonks@ragm.com
Web: www.ragm.com
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