Stewardship

A compelling argument for why stewardship of wealth and serviceto others should be our highest financial priority
Stewardship is the journey of financial insider John Tafttowards understanding and affirming the importance ofstewardship--which he has come to define as "servingothers"--as a core principle for the financial servicesindustry, the global financial system, and society at large.
By defining the attributes of authentic stewardship, this bookpresents a path forward by analyzing the success of Canadian banksin weathering the financial crisis; evaluates the effectiveness ofglobal financial reform efforts in making the financial systemsafer, sounder, and more secure; offers wealth managementprescriptions for individual investors; evaluates the potential ofESG (environmental, social, and governance) investment processes asa way to instill stewardship behaviors among corporate CEOs(particularly at financial services firms); and, ultimately, callsfor a return to stewardship's core principles as the key to notonly minimizing the scope and consequences of future failures, butalso to addressing other societal challenges.
* Argues for a return towards stewardship, with financialservices companies doing right by their customers
* Analyzes the response of Canadian banks to the financial crisisto provide meaningful advice for investors and businessesalike
* Inspired by Taft's experience running one of the largest wealthmanagement firms in the country during the financial crisis and hisdirect participation in subsequent legislative and regulatoryefforts to rewrite the rules under which the U.S. securitiesindustry operates
From the man who made the decision to reimburse clients affectedby the collapse of a money market mutual fund comes a compellinglook at why financial service companies should start doing what'sright for their customers.