Buch, Englisch, 240 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 506 g
Buch, Englisch, 240 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 506 g
ISBN: 978-1-118-19019-7
Verlag: Wiley
A compelling argument for why stewardship of wealth and service to others should be our highest financial priority
Stewardship is the journey of financial insider John Taft towards understanding and affirming the importance of stewardship--which he has come to define as "serving others"--as a core principle for the financial services industry, the global financial system, and society at large.
By defining the attributes of authentic stewardship, this book presents a path forward by analyzing the success of Canadian banks in weathering the financial crisis; evaluates the effectiveness of global financial reform efforts in making the financial system safer, sounder, and more secure; offers wealth management prescriptions for individual investors; evaluates the potential of ESG (environmental, social, and governance) investment processes as a way to instill stewardship behaviors among corporate CEOs (particularly at financial services firms); and, ultimately, calls for a return to stewardship's core principles as the key to not only minimizing the scope and consequences of future failures, but also to addressing other societal challenges.
* Argues for a return towards stewardship, with financial services companies doing right by their customers
* Analyzes the response of Canadian banks to the financial crisis to provide meaningful advice for investors and businesses alike
* Inspired by Taft's experience running one of the largest wealth management firms in the country during the financial crisis and his direct participation in subsequent legislative and regulatory efforts to rewrite the rules under which the U.S. securities industry operates
From the man who made the decision to reimburse clients affected by the collapse of a money market mutual fund comes a compelling look at why financial service companies should start doing what's right for their customers.
Fachgebiete
- Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaft: Sachbuch, Ratgeber
- Wirtschaftswissenschaften Volkswirtschaftslehre Finanzkrisen, Wirtschaftskrisen
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzkrisen
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Börse, Rohstoffe
Weitere Infos & Material
Introduction
Chapter 1 Core Principles: The Ground Beneath Our Feet
Interlude: Learning from Failure
Chapter 2 Finance Run Amok: Selfishness Trumps Stewardship
Interlude: Occupying Wall Street
Chapter 3 Stewardship Defined: Feeding Your Flock and Not Yourself
Interlude: Greed, Glorious Greed
Chapter 4 World's Safest Banking System: Canada, the New Switzerland
Interlude: Americans are from Mars, Canadians are from Venus
Chapter 5 Making the System Stronger: In Defense of Dodd-Frank and Basel III
Interlude: Too Small to Save?
Chapter 6 Making the Investor Safer: In Defense of New Fiduciary Rules
Interlude: An Obligation of Honor
Chapter 7 To Investors Standing on the Wings: Prepare for the Next Crisis
Interlude: Predatory Volatility
Chapter 8 Environmental, Social and Governance Investing: Could it be the Answer?
Interlude: It's a Long Life
Chapter 9 Communities, Caring, and Commitment: Reconnecting with our Stewardship Responsibilities
Appendix A EU Financial Reform
Appendix B Basel III Regulatory Accord
Appendix C Creating a Clear Path Forward
Notes
Glossary of Selected Financial and Regulatory Reform Terminology
Author's Guide to Supplemental Readings
Additional Sources
Acknowledgments
About the Author
Index
