A reasonable figure

Bonus bashing is still in season, diverting politicians and the public. Jon Terry and Tim Wright of PricewaterhouseCoopers see an elevated role for Compliance in defining the real meaning of performance.

Jon Terry, partner (+44 (0)20 7212 4370, jon.p.terry@uk.pwc.com) and Tim Wright, director (+44 (0)20 7212 4427, tim.wright@uk.pwc.com), PricewaterhouseCoopers LLP

Over the past two years, remuneration policies and practices in the financial sector have put executive pay issues firmly in the spotlight. Many commentators suggest that bad practices in this area were a contributory and potentially primary factor in the credit crunch and one of the causes of the subsequent recession.