TUESDAY, JULY 20, 2010
Bob Monks: political system is simply a vehicle through which the business expresses its power
Bob talks about the power of business over government in new video this week. In discussing the financial bill and the failure to address corporate governance, he said, “The business community has acquired such an enormous amount of power with respect to the political system that the political system seems to be simply a vehicle through which the business community expresses its power. So the energy of reform does not find expression in the political system, it finds frustration.”
In a second video, Bob discusses the failure of the Schumer Bill despite its offering only weak corporate governance provisions. He asks, “Why is it that it was felt worth the reputation of Chairman Dodd, worth the record of the Democrats on the committee that voted for this? Why would the business interests use up their lobbying power on this measure that was already very frail to start with? The conclusion is that the business community does not want to be obligated to deal with an effective system of corporate governance.”
Look for more video soon and contact us with questions and comments at [email protected].
POSTED BY STEPHANIE PHILBRICK
LABELS: CORPORATE GOVERNANCE, CORPORATE POWER, DODD-FRANK BILL, FINANCIAL REFORM BILL. BP DISASTER, INFLUENCE, LOBBYING, SCHUMER BILL, SENATOR DODD, SENATOR SCHUMER
WEDNESDAY, JUNE 23, 2010
Bob Monks: Corporate Governance as we know it is a failed model (new video)
New video this week:
Assessing the current state of corporate governance, Bob said that the idea of self-regulating corporations acting for the greater public good is a failed model. Furthermore, he maintains that the governance provisions left in the reform bill are of little or no use. Watch the video.
Also new this week:
A comment on the role of government as shareholder of Fannie Mae and Freddie Mac (video here)
Bob talks about the inherent conflict between democracy and corporate power (video here). He says, “democracy wants to enable as large a portion of the polity as possible in making decisions to allocate resources…[the corporate] inclination is to centralize the way in which decisions are made and power is exercised.”
Please be in touch with comments at [email protected]
View all present and past videos on Bob’s YouTube channel.
POSTED BY STEPHANIE PHILBRICK
LABELS: CAPITALISM, CITIZENS UNITED, CORPORATE GOVERNANCE, CORPORATE PERSONHOOD, CORPORATE POWER, CORPORATE STATE, DEMOCRACY, FANNIE MAE,FREDDIE MAC, GOVERNMENT AS SHAREHOLDER, REGULATION, SEC
THURSDAY, JUNE 17, 2010
Bob Monks: Financial Reform Bill is Tragic For Corporate Governance
Congress missed the opportunity to effect real change on corporate governance issues, Bob said in new video this week. He talked about a range of issues including Delaware Law, the failure of the SEC to enforce regulations, and what political fallout we can expect from the BP disaster.
Check out these videos on Bob’s YouTube page or use the links below. Please be in contact with your comments at [email protected].