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FOR IMMEDIATE RELEASE CONTACT: ROBERT A. G. MONKS RECEIVES HONORARY DEGREE FROM CONNECTICUT COLLEGE ___________________________________ PORTLAND, ME, May 30, 2001 -- Robert A. G. Monks, a pioneering shareholder activist and Chairman of LENS, an activist advisory firm, was awarded an honorary doctor of laws degree by Connecticut College at the 83rd Commencement held Saturday, May 26, at the campus in New London, Connecticut. In presenting Monks his degree, David K. Lewis, Acting President of Connecticut College said, "Robert Monks, as an investor, shareholder activist and author, you have led the struggle to make American corporations more responsive and accountable to their stockholders. Now you are urging institutional investors to demand more socially responsible management practices and less corporate involvement in politics. Your tireless efforts have helped to ensure the continued vitality of our country's system of democratic capitalism." Monks' fifth book, The New Global Investors, which focuses on institutional investor shareholder activism, is scheduled for release in June 2001. Monks devotes much of his time to traveling across the globe speaking on corporate governance issues. Cambridge University recently established the Robert A. G. Monks Professorship in Corporate Governance in Monks' honor. Among his many accomplishments, Monks served as head of the pension plan division in the Labor Department during President Ronald Reagan's Administration and founded Institutional Shareholder Services, the leading proxy advisory firm. He is a former CEO of a prominent bank and a veteran corporate director. Also receiving honorary degrees from Connecticut College were jazz musician Wynton Marsalis, Social activist Rachel Robinson, and Neurology researcher Vilayanur Ramachandran. Ranked among the most selective private liberal arts colleges in the nation, Connecticut College is a private co-educational liberal arts college and is widely known for interdisciplinary studies, innovative international programs, paid internships, and a wide range of student-faculty research opportunities. Founded in 1911, the college operates under a 79-year-old honor code and has no Greek system. The 750-acre campus is managed as an arboretum and overlooks Long Island Sound. |