Dan Borge, a director in LECG’s New York office, was the principal designer of the first enterprise risk management system, Bankers Trust’s risk adjusted return on capital (RAROC), which became the model for the financial services industry. RAROC enabled the development of new ways of doing business that greatly increased revenues and profits for Bankers Trust. Borgeis the author of several publications including the The Book of Risk, published by John Wiley & Son.
Boards need to link pay to both long-term value creation and risk-taking.
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