Risk Culture and Remuneration (Webinar)

Description

Risk culture and executive remuneration are unavoidably interconnected. Poorly designed incentives and steep remuneration packages make it difficult to sustain a good risk culture and further, from an ethical standpoint, CEOs and senior management enjoying higher pay can be seen as unfair, undermining other employees’ commitment to the organisation. It can also lead to hubris and recklessness when individuals overestimate their own abilities, jeopardising the company’s operations itself.

This session will introduce our expert speakers’ views on the fundamental links between risk culture and remuneration, including the ethical virtues that underpin corporate decision-making. It will then explore what can be done to assist directors who bear the responsibility for determining remuneration. In particular, discussion will address:
• how directors ought to face requests for excessive and inappropriate packages,
• how shareholders can take a more active approach to help directors prevent inappropriately designed packages, and
• how regulators can support and monitor directors to appropriately provide executive remuneration.

Period	4 Aug 2021
Held at	Centre for Law Markets and Regulation, Australia
Degree of Recognition	National