TABLE OF CONTENTS Consider the following sequence of events and see if you can match the story to situations you have seen or read about in the press.
Scenario: Rapid Growth plc is a listed company specializing in the manufacture and sale of household furniture. The company has built a reputation for high quality products, and over recent years has achieved an annual growth rate of 12 per cent per annum; it is seen as one of the rising stars in the sector and its share price is buoyant.
In line with good corporate governance recommendations the senior management team have a remuneration package that is linked to corporate performance in the form of profit-related pay and share options. The directors had grown concerned because in spite of the company's continued success their revenue and profit ...
