The paper concerns the duties and responsibilities of managers using the principle of\nclawback. The authors proposed their own model of financial model of construction of\nremuneration for managers. There are in practice ethical problems concerning the level of\nrequirements and qualifications versus salary and the level of legal and financial liability,\nespecially against top-managers of the largest enterprises; often in a situation of extensive\neconomic and social impact of their decisions. The problem of a managerâ??s responsibility has\na dual nature. On the one hand the manager is charged with overall responsibility for all\nfinancial and PR losses of a company, on the other hand the manager takes moral, legal and\nfinancial responsibility for particular decisions. This article considers the financial\nresponsibility area. The subprime financial crisis has sparked a discussion about the\nresponsibility of top management in the context of disclosure of large bonuses paid to the\nsenior managers and lack of consequences for bankruptcies. Very high salaries the executives\nwere paid, were not sufficiently related to the system of contractual and administrative\nresponsibility.
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