Based on the theory that responsible behavior by institutional investors hinges in turn on stimulating a population of active citizen investors, I am attaching two of my recent articles drawn from the new book “What They Do With Your Money: How the Financial System Fails Us and How to Fix It”, by Jon Lukomnik, David Pitt-Watson and me (Yale University Press, just out). The official book launch took place on June 7.
The first article, published on the Harvard Law CG blog, sets out the costs to society and individuals when citizen investors are missing in action, and offers several proposed fixes:
https://corpgov.law.harvard.edu/2016/06/02/how-the-financial-system-fails-us-and-how-to-fix-it/
The second, a column published last week in the Huffington Post, points to some potential tech-related solutions to awaken grassroots action:
http://www.huffingtonpost.com/stephen-davis2/an-app-that-could-eat-wal_b_10110684.html.
Here is an review of the book by The Economist: http://www.economist.com/news/finance-and-economics/21700402-new-book-argues-finance-industry-needs-reform-secret-agents .
You can buy the book here: http://amzn.to/1Pfqvcf
Posted by Stephen Davis
Assoc. Director and Senior Fellow
Harvard Law School Programs on Corporate Governance and Institutional Investors