This is a presentation I gave to the Society of Quantitative Analysts in 2003 in New York City. It is a breif summary of my 2003 paper, quot;The Treynor Capital Asset Pricing Modelquot;, which appeared in the Journal of Investment Management (Vol.1, No. 2)

Since the corporate governance scandals of 2001 and 2002, the work of boards of directors has been dominated by board processes and compliance, with a corresponding reduction in the emphasis on value creation. This discussion paper proposes a model for board activities and raises questions about...

The globalization of capital markets manifests the triumph of the corporation, as a form of organization, over the State. International corporations both weaken states' ability to monitor human activities, and require states to surrender portions of their sovereignty. This article inquires into...