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This month's dilemma.

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Vincent
PositionHot potato

I am the finance director of a company with a board consisting of two nonexecutive directors and four management team executives. Two of the management team executives (one of whom is the chief executive) have decided to award themselves a bonus, that they inform me the non-executives know about. However, they do not want the other two executives to know about this and have requested I pay it by cheque rather than via BACs payment. This contradicts minuted decisions at previous meetings where it was agreed that there would be no bonuses awarded.

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While the payments will be paid correctly in relation to tax obligations, etc, I still feel concerned that there are no board minutes to support this action.

Our response:

Your overall integrity is at risk as you will be obscuring information. See section 110 of the code. The fact that your colleagues have asked you to undertake such action-while there has been no formal agreement to pay bonuses and no evidence that the...

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