CROs seen as vital for restoring confidence

Instead of reporting to a chief executive or chief financial officer, who mayhave “large egos”, said Kaminski, energy company CROs should reportto the board of directors, providing an “independent and reliable sourceof company information”.

Energy companies should also seriously reconsider their compensation schemes,to rid the industry of potential rogue traders, Kaminski added.

One possibility would be to institute a long resting period for exercised optionsand to defer compensation package

To continue reading...