When is an incentive not an incentive?

In the light of current accountancy scandals, suggests that high levels of incentive above base salary for senior executives (so that as much as 75% of total remuneration may be at risk from a poor performance and/or unpredictable market conditions) are indeed damaging, because they place the executives under a perhaps irresistible temptation to exaggerate results for personal benefit.

When is an incentive not an incentive?

Tony ScoullerRPM Ltd

Sed quis custodiet ipsos custodes?

Juvenal said it nearly 2000 years ago: 'But who is to guard the guards themselves?' Recent accusations of irregularities at major public companies, both in...