Bonuses a no-go zone for boards

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Today's directors must be more engaged, shrewd, enterprising, more numerate and more technically competent than ever. PHOTO | SHUTTERSTOCK

Over the last two decades, I have sat on various boards. Good boards. Bad boards. And a few, downright ugly boards. The ugly boards have stories for days.

On one such board, the meeting agenda was to approve a bonus for the entire staff complement, following what management perceived had been a superb performance in the concluding financial year. 

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Note: The results are not exact but very close to the actual.