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Time for investors to step up and bring corporate drones to account

Corpocracy has replaced shareholder democracy in the US and chief executives are gaining more power, according to veteran campaigner Robert Monks

In a new book, Citizens DisUnited, Robert Monks argues chief executives in the US have become dangerously powerful, now corporate voting control has spread across an increasingly broad range of disinterested investors.

Last week, JP Morgan Chase chief executive Jamie Dimon saw off an attempt to strip him of his additional role as the bank's chairman in the wake of the big "London Whale" trading losses and regulatory issues.

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