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...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: