Responding to the FCIC report, Part I
Many people have commented on the Financial Crisis Inquiry Report released in January. After following the Commission’s progress and reading much of the press on it, I also offer my thoughts and I present two main for discussion:
the financial crisis was and is a failure of governance and
executive management took excessive risk for corporations while risking almost nothing for themselves.
Click here to read more articles
More invaluable advice from Robert A. G. Monks, analyzing the new breed of dysfunctional “drone corporations.” He calls out the most influential trustees of pension funds, endowments, and foundations by name to take responsibility. A must read by asset managers and trustees worldwide.