September 5th 2011
PARC Summary: Reward Governance: Reviewing for Risk – September 2011
Nick Starritt (PARC) opened by commenting that the 'risk culture' was catching up with reward. Boards are used to evaluating risk - but in the context of new business projects or strategies. Directors and RemCo members may have considered the reputational or publicity risks of (excessive) executive remuneration, but increasingly they need to pay attention to the other risks implicit in reward policies and programmes.
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