Week 4 Ethics

Question 1

What are Executive Pay Clawbacks?

Answer 1

The ability for executive pay to be paid back if any numbers were not accurate during the time of their earnings, or if misconduct occurs.

Question 2

What does the board play in the running of a company?

Answer 2

1) Strategic Direction
2) Monitoring the running of the company
3) Acting for Shareholders
4) Reviewing Internal Reports
5) Approving Executive Pay
6) Approving Budgets