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 toward
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 toward 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 largestwealth
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.
