As Australians introspect on the back of the ball-tampering scandal in South Africa with several reviews, one such review by the Ethics Centre seems to point to the origins of the win-at-any-cost attitude to incentive mechanisms in business. “The review traces some of the roots of the cultural failings to a 2011 investigation into poor performance of the Australia team, led by Don Argus, former chairman of BHP Billiton and ex-chief executive of National Australia Bank. The Argus report urged cricket’s administrators to copy business and link monetary bonuses to quantifiable goals, such as world rankings and match wins. In implementing those suggestions, the review says, Cricket Australia seems to have “merely overlooked” the ethical dimension “as irrelevant to the pursuit of enhanced performance”. Indeed, now the learnings from sport can potentially help address the shortcomings of incentives sans ethical dimensions in the world of business.

Note: the above material is neither investment research, nor financial advice. Marcellus is not authorized to provide either. Marcellus does not seek payment for or business from this email in any shape or form. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India as a provider of Portfolio Management Services.

If you want to read our other published material, please visit https://marcellus.in/blog/

Note: the above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India as a provider of Portfolio Management Services. Marcellus Investment Managers is also regulated in the United States as an Investment Advisor.

Copyright © 2022 Marcellus Investment Managers Pvt Ltd, All rights reserved.



2024 © | All rights reserved.

Privacy Policy | Terms and Conditions