This is the first paper that the CSFI published simultaneously on both sides of the Atlantic.  It marked the launch of the New York CSFI.

The authors are both eminent shareholder activists whose concerns predate the current transatlantic brouhaha over corporate governance.  Bob Monks (US) wrote much of the ERISA legislation and founded the LENS fund; Allen Sykes (UK) is a former MD of Consolidated Gold Fields.  Their argument is that the plight of corporate governance on both sides of the Atlantic has become so acute that it is now a systemic problem that needs a radical solution.  Not everyone will agree with what they propose, but they offer a comprehensive set of proposals to empower shareholders and to correct the “democratic deficit” at the heart of contemporary capitalism.