Thanks to the rise of mutual funds and retirement plans, the actual owners of the world's corporate giants are no longer a few wealthy families. Rather, they're the huge majority of working people who have their pensions and life savings invested in shares of today's largest companies. These grassroots owners have ideas about value that differ from those of tycoons or Wall Street traders. And corporate directors and executives are coming under increasing pressure to respond. The New Capitalists provides examples-from GE to Disney to British Petroleum-of enterprises whose shareholders have recently wielded their control in ways unimaginable just several years ago.

Authors Stephen Davis, Jon Lukomnik and David Pitt-Watson describe how civil ownership will profoundly alter our world¿including forcing the rise of a new species of corporation. It has already begun demolishing old rules and habits, laying the groundwork for a new constitution of commerce. The authors spell out conventional thinking destined for extinction¿and fresh strategies companies must implement to survive in the emerging civil economy. They also outline how investors, advisors, activists, and policy makers can make their voices heard.

Acknowledgements
Preface

Part One: New Capitalist Circle of Accountability
Chapter 1: The Civil Economy
Chapter 2: Business Past: The Uncivil Economy
Chapter 3: The Future Corporation: A Capitalist Manifesto
Chapter 4: Institutional Investors: Mobilizing Ownership
Chapter 5: Boards of Directors: A New Accountability

Part Two: New Capitalist Ecosystem
Chapter 6: Monitoring the Market: The Information Moguls
Chapter 7: Accounting Standards: Escaping Brother Luca's Boxes
Chapter 8: NGOs and Capital: Citizens' Suffrage
Chapter 9: Action Memos: The New Capitalist Agenda
Postscript
Bibliography
About the Authors

Stephen Davis is president of Davis Global Advisers, Inc., the world’s leading adviser on international corporate governance. Jon Lukomnik is the managing partner of Sinclair Capital LLC and former Deputy Comptroller of New York City, where he managed $80 billion in assets. David Pitt-Watson is former Chief Executive of Hermes Focus Asset Management, Europe’s leading shareholder activist fund manager.