Remuneration, incentives, and Steinhoff: How conflicts of interest hurt shareholders

As the fallout from the collapse of Steinhoff continues, many of us are left looking for someone or something to blame. Some have focused on disgraced former CEO Markus Jooste, casting him as the villainous mastermind behind the disaster. But we may need to look further. While Jooste is certainly culpable, there is plenty of blame to go around. Audit firms, the board, asset managers, analysts, and regulators must surely all come in for their share of the blame. In this interview, former PPS Group CEO Mike Jackson talks about the web of conflicts of interest that help drive failures like the Steinhoff collapse. Learn more about your ad choices. Visit megaphone.fm/adchoices