Incentives and Moral Behavior in Organizations
David R. Koenig, QRD?
![David R. Koenig, QRD?]()
David R. Koenig, QRD?
Board Member | Chief Executive Officer | Qualified Risk Director? | Award-Winning Author
Via conversations I've had over this past month, the chapter (see link below) I wrote back in 2006 for Risk Management: A Modern Perspective, edited by Michael Ong, has come back to mind.
The stories of Wells Fargo and others continue and a good deal of that may have to do with insufficient focus on the psychology behind how incentives drive behavior. While this chapter is more than a decade old, it still seems relevant.
I welcome comments on it as we focus on how to best govern this important area of organizational behavior.
https://www.thegovernancefund.com/PDF/Aligning_Compensation_01_2006.pdf
Independent Director, Chairperson of Audit Committee, Chairperson of Board
7 年Thanks, David, for re-sharing this chapter. I just read it and agree with you that it is applicable today as when you originally wrote it. Thank you!