Woolworths’ reputation to play a role in executive bonuses
Woolworths is replacing a key measure of retail productivity with a reputation score in its formula for setting executive bonuses in a bid to rebuild trust, after its corporate reputation was buffeted by wage underpayments and now-abandoned plans to open a liquor mega-store in Darwin.
The move by the supermarket giant comes after an intensifying focus on corporate social responsibility amid controversies sparked by plans to open a Dan Murphy’s mega-store near a dry Aboriginal community and Rio Tinto’s destruction of the Juukan Gorge caves in Western Australia.
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