by The Compliance Exchange on September 25, 2012
Barclays Plc’s new chief executive said he will pay employees based in part on whether they are good citizens, as the British bank tries to restore its tarnished reputation.
Within the next six to 12 months, Barclays will devise a “balance scorecard” with metrics that measure performance across a range of areas, including how the actions of executives affect the environment, Antony Jenkins said in a brief interview on Sunday at the Clinton Global Initiative.
Jenkins ascended to the top of Britain’s fourth-largest bank at the end of August after his controversial predecessor, Bob Diamond, and the bank’s chief operating officer, Jerry del Missier, were forced to resign following Barclay’s agreement in June to pay $450 million for rigging interest rates.
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