Read The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series)

The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series)

Robert A G Monks

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Description:In Restoring the Integrity of the Corporation: Return of the Emperor's Nightingale, Robert Monks, the world's foremost shareholder activist, weaves together parables, case studies, and insights from complexity thinking to reveal the true character of the corporation, as it struggles to reconcile the opposing forces of certainty and uncertainty, the predictable and the serendipitous, and short-term profit versus long-term economic value rooted in the social good.In Restoring the Integrity of the Corporation, Hans Christian Anderson's wonderful fairy tale, The Emperor's Nightingale, is included as the Prologue, and serves as an allegory for the return of the corporation to serving the needs of its stakeholders.Combining Monk's firm grasp of corporate governance and his intense study of complexity, he describes how corporations behave through the stages of their life cycles. From angry shareholders to concerned chief executives, almost everyone knows at a gut level that the present system is not working. This book attempts to explain why. Better yet, it proposes a path for positive change.Table of ContentsPrologueA Fable: The Emperor's Nightingale.1 The Emperor's Nightingale: Harbinger of Corporate RestorationHumankind and all its creations struggle to reconcile the predictable and the dynamic. This is the moral of the timeless story of 'The Nightingale' by Hans Christian Andersen. It is also the nature of the corporation, a human creation of special importance.2 The Disconsolate Dawn of the Modern CorporationTwo hundred years ago, Adam Smith sounded an alarm. The corporations of his day posed a threat to society because by their very nature they sought unlimited life, size, power, and license, externalizing risk as they pursued these aims.3 Four Corporate DangersSmith's insights give us our way in to see corporations for what they really are. Corporations are not human, although they are formed by humans and should serve human purposes. Nor are they machines, although they have some internal laws that operate mechanistically. Instead, they are artificial life forms - or, to use a current scientific term, complex adaptive systems.4 The Limits of Conventional Corporate Wisdom - and How to Surpass ThemWe are in denial about the corporate problem. Seven panaceas prevent us from finding the solution to the problems inherent in the modern corporation: the CEO 'philosopher-king', corporate chartering, independent directors, well-structured boards, independent experts, the free press, and multiple external constraints. Taken separately, each of these can lull us into dangerous complacency. Taken together - along with the actions of independent, informed, motivated, and empowered shareholders - these elements are transformed from panaceas to solutions.5 The Corporation and the Economy as Complex Adaptive SystemsLike all complex adaptive systems, corporations have both regularities (predictable, mechanistic laws) and dynamics (forces for change). Corporate regularities, which are shared by other manmade institutions, are the drives for unlimited life, size, power, and license. Corporate dynamics, which are shared by all CASs, are multiplicity, spontaneity, accommodation, adaptation, transcendence, and metamorphosis. These dynamics can counterbalance the four corporate dangers of unlimited life, size, power, and license - bringing instead long-term life, appropriate size, balanced power, and greater accountability to long-term owners.6 Modeling Corporate AccountabilityAgent-based computer modelling can advance our inquiry. Our 'Brightline'Executive Summarymodel represents, among other factors, the dynamics of externalization in interactions among four key agents in the large publicly held corporations: customers, corporations, government, and shareholders. Companies compete for customers by reducing their liabilities through externalization. An aggressive management that is compelled by its shareholders to function within government-determined limits on externalization will generate superior values over the long term.7 Intermezzo: The 'Four Phases' of Corporate LifeAnalogizing to 'cellular automata', we see that there may be 'classes' of corporate life: doomsday (Class I), stagnation (Class II), chaos (Class III), and true orderliness (Class IV). In many runs of an automata model, only the first three classes emerge. From time to time, however, true order imposes itself at the brink of chaos. Is the corporate world poised for positive change in this sense? Will our 'Class II' stagnation be followed by 'Class III' conditions, or by true order, the desired 'Class IV?' To make such a shift, active shareholders may be the agent needed.8 Stone & Webster: A Journey to the Edge of ChaosThe Stone & Webster story shows how apt the cellular automata analogy can be in a single company. In this case, stagnation (Cl...We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series). To get started finding The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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ISBN: 311069705X

Description: In Restoring the Integrity of the Corporation: Return of the Emperor's Nightingale, Robert Monks, the world's foremost shareholder activist, weaves together parables, case studies, and insights from complexity thinking to reveal the true character of the corporation, as it struggles to reconcile the opposing forces of certainty and uncertainty, the predictable and the serendipitous, and short-term profit versus long-term economic value rooted in the social good.In Restoring the Integrity of the Corporation, Hans Christian Anderson's wonderful fairy tale, The Emperor's Nightingale, is included as the Prologue, and serves as an allegory for the return of the corporation to serving the needs of its stakeholders.Combining Monk's firm grasp of corporate governance and his intense study of complexity, he describes how corporations behave through the stages of their life cycles. From angry shareholders to concerned chief executives, almost everyone knows at a gut level that the present system is not working. This book attempts to explain why. Better yet, it proposes a path for positive change.Table of ContentsPrologueA Fable: The Emperor's Nightingale.1 The Emperor's Nightingale: Harbinger of Corporate RestorationHumankind and all its creations struggle to reconcile the predictable and the dynamic. This is the moral of the timeless story of 'The Nightingale' by Hans Christian Andersen. It is also the nature of the corporation, a human creation of special importance.2 The Disconsolate Dawn of the Modern CorporationTwo hundred years ago, Adam Smith sounded an alarm. The corporations of his day posed a threat to society because by their very nature they sought unlimited life, size, power, and license, externalizing risk as they pursued these aims.3 Four Corporate DangersSmith's insights give us our way in to see corporations for what they really are. Corporations are not human, although they are formed by humans and should serve human purposes. Nor are they machines, although they have some internal laws that operate mechanistically. Instead, they are artificial life forms - or, to use a current scientific term, complex adaptive systems.4 The Limits of Conventional Corporate Wisdom - and How to Surpass ThemWe are in denial about the corporate problem. Seven panaceas prevent us from finding the solution to the problems inherent in the modern corporation: the CEO 'philosopher-king', corporate chartering, independent directors, well-structured boards, independent experts, the free press, and multiple external constraints. Taken separately, each of these can lull us into dangerous complacency. Taken together - along with the actions of independent, informed, motivated, and empowered shareholders - these elements are transformed from panaceas to solutions.5 The Corporation and the Economy as Complex Adaptive SystemsLike all complex adaptive systems, corporations have both regularities (predictable, mechanistic laws) and dynamics (forces for change). Corporate regularities, which are shared by other manmade institutions, are the drives for unlimited life, size, power, and license. Corporate dynamics, which are shared by all CASs, are multiplicity, spontaneity, accommodation, adaptation, transcendence, and metamorphosis. These dynamics can counterbalance the four corporate dangers of unlimited life, size, power, and license - bringing instead long-term life, appropriate size, balanced power, and greater accountability to long-term owners.6 Modeling Corporate AccountabilityAgent-based computer modelling can advance our inquiry. Our 'Brightline'Executive Summarymodel represents, among other factors, the dynamics of externalization in interactions among four key agents in the large publicly held corporations: customers, corporations, government, and shareholders. Companies compete for customers by reducing their liabilities through externalization. An aggressive management that is compelled by its shareholders to function within government-determined limits on externalization will generate superior values over the long term.7 Intermezzo: The 'Four Phases' of Corporate LifeAnalogizing to 'cellular automata', we see that there may be 'classes' of corporate life: doomsday (Class I), stagnation (Class II), chaos (Class III), and true orderliness (Class IV). In many runs of an automata model, only the first three classes emerge. From time to time, however, true order imposes itself at the brink of chaos. Is the corporate world poised for positive change in this sense? Will our 'Class II' stagnation be followed by 'Class III' conditions, or by true order, the desired 'Class IV?' To make such a shift, active shareholders may be the agent needed.8 Stone & Webster: A Journey to the Edge of ChaosThe Stone & Webster story shows how apt the cellular automata analogy can be in a single company. In this case, stagnation (Cl...We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series). To get started finding The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series)

The Emperor’s Nightmare: Saving American Democracy in the Age of Citizens United (The Alexandra Lajoux Corporate Governance Series)

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