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A broad consensus suggests that executive compensation practices at banks encouraged excessive risk taking by top executives and led to the global financial crisis of
"A broad consensus suggests that executive compensation practices at banks encouraged excessive risk taking by top executives and led to the global financial crisis of 2007-2008". Required What are the challenges in determining the compensation arrangements of directors and executives? In your discussion, evaluate how "excessive" compensation led to risk taking and led to the global financial crisis.
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