How a firm structures its compensation and incentives schemes must be aligned with its culture.
Observations
Sep 03, 2024In recent comments to the media, John Lonsdale, Chair of the Australian Prudential Regulation Authority (APRA), made clear that the regulator expects ANZ's board to consider bonus reductions for senior executives following a high-profile bond trading scandal and widely reported cultural deficiencies.
Observations
May 08, 2023A recent study by researchers at the University of Kansas and Colorado State University found that audit partners who issue adverse opinions are more likely to be removed from continuing engagements, which can result in unfavorable changes to their client portfolios, lower fees, and less prestigious assignments.
