There has to be an independent organisation inside the institution whose sole job is to stay on the right side of the law and is incentivised to do the job like the internal affairs division in police departments
||1: Some partners are said to be grumbling about the scheme. ||2: They will not be able to sell shares at the market price even after they have put in decades of work and want to retire. ||3: That raises questions about whether partners are genuinely incentivised to do well by shareholders. ||4: And even if the bank’s pay policies please the purists, BTG’s governance structure will not. ||5: André Esteves, the bank’s high-voltage billionaire founder, will control around 85% of the bank’s common shares and has “sole discretion” to control the bank’s policies and management, even when a matter has been put to shareholders.
||1:In fact, to conclude that climate change should mean shackling capitalism would be wrong-headed and damaging.||2:There is an immense value in the vigour, innovation and adaptability that free markets bring to the economies that took shape over that striped century.||3:Market economies are the wells that produce the response climate change requires.||4:Competitive markets properly incentivised , and politicians serving a genuine popular thirst for action, can do more than any other system to limit the warming that can be forestalled and cope with that which cannot.