I was scheduled to give a speech at the RFK Compass event in Cape Cod this week but unfornately I cannot attend. Here’s the speech I prepared on the state of corporate governance.
Myths of Corporate Governance
The American Economy is a corporate system, in the sense that control of the economic factors of production and distribute is vested largely in the handful of privately appointed corporate managers.
To my surprise!
Years ago I was interviewed for a documentary called The Corporation. A new documentary has been made using some of that old footage and I thought I’d share it with you. See what you think and look for me at about 12:35.
Serendipitous Week and a Renewed Hope for Stewardship
Since the financial crisis, I’ve made repeated calls for the Great and the Good to step become active and responsible owners (see this piece on the GMIRatings site). Actually, I started on this track before the crisis when I wrote a letter to Harvard – my alma mater –…
Dual Class Ownership
A couple of years ago I posted a video proposing multiple-class stock as a way to empower owners and hold management to account. Now seems like a good time to discuss the downside of dual-class or multiple-class stock because there have been some recent high profile offerings that bring…
Corporate Governance 2011 — Year End Reflections
1. The Elephant in the Living Room. The single best indicator of the state of corporate governance – a system of accountable power – is the capacity of senior management to increase their own compensation that has been going on for two decades. The metaphor of the elephant in…