In the smoking ruins of the global financial crisis, renewed attention has been focused on executive incentives and whether efforts to earn higher compensation promoted executive behaviour that created excessive, and in some cases, enterprise-jeopardizing risk. This focus has led to new regulatory initiatives intended to limit risk and affecting executive compensation in a multitude of jurisdictions and industries. But what does this mean for the mining sector? To answer that question, first we have to ask: what is risk?
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