London, December 1, 2004

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Shareholder Activism World

• London, December 1, 2004

Defining Shareholder Activism The Principles of S
hareholder Activism
Robert A.G. Monks
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FiduciaryDuty
Executives
COO
CFO
CEO
Senior Executives
Board of Directors
Directors
Directors
Directors
Chairman
Directors
Directors
Shareholders
Minority Shareholders
Pension Funds
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A Beauty Contest
Miss America is pretty because she has
Long, Straight Hair High Cheekbones Elegant H
ands Full Lips Wide Eyes Straight Teeth A
Narrow Nose Smooth, Suntanned Skin A Small Wai
st Delicate Feet Long Legs
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A Beauty Contest
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A Beauty Contest
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A Beauty Contest