Institutional Shareholder Services (1985) provides proxy and ownership services to institutional investors around the world. ISS has achieved the position that its recommendation is often the single deciding factor in contested proxy situations, like for example the merger of Compaq and Hewlett Packard in 2002. ISS is today a major company dominating the proxy field worldwide. Monks sold his interest in 1994 to the Thompson group. In 1999, the Thompson family sold ISS at public auction, and it was bought by a consortium organized by Mr. Monks’s son, also Robert Monks, who is today its chairman.
Subsequent to disposing of his interest in ISS, the senior Mr. Monks organized Lens Investment Management, LLC, an activist investor with several private and public partners, which functioned as an “activist investor” and over the decade of the 1990s outperformed the principal indices.
Mr. Monks also organized and still functions as Deputy Chairman of the Hermes Lens Asset Management Company in the United Kingdom which has successfully employed the same “activist investment” policy in funds in the UK and Europe.
With his long time partner, Nell Minow, Mr. Monks organized The Corporate Library, an independent information, investment and rating service which provides corporate governance data and analysis to institutional and individual investors around the world.
Mr. Monks has written and spoken about corporate governance widely. With Nell Minow, he has published Power & Accountability (Harper Collins, 1991), Watching the Watchers (Blackwell, 1996), and three editions of the standard case book, Corporate Governance.