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Law Practice

Sep. 29, 2009

Restoring Public Trust in Corporations

Robert R. Denham of The Conference Board Task Force presents five principles to assist companies in execution of their compensation practices.

BUSINESS

By Robert R. Denham

The current economic crisis has damaged public trust in corporations. While its epicenter was in some large financial institutions that failed at the fundamental task of risk management and allowed their compensation systems to turbocharge risk-taking, the loss of trust is affecting all public companies. Real - and perceived - abuses in executive compensation have played an important part in this loss of trust.

A si...

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