Read the article on Corporate Culture at Wells Fargo in the files folder and submit a paper answering the below selected questions from page 6 of the case. Please keep your focus on the text framework regarding Corporate Culture and Strategy when answering the questions:
Question 3 from the case page 6: What factors should senior executives consider to ensure that compensation and performance systems encourage the achievement of company objectives without compromising corporate culture?
Question 5 – The independent investigation concludes that “a strong centralized risk function is most suited to the effective management of risk”. Is this conclusion correct? What steps can executives in a decentralized organization take to minimize gaps in oversight without creating unnecessary bureaucracy?
Question 7 – How much blame does the board deserve? What could it have done differently to prevent the cross-selling issue from snowballing?
Question 8 – How can a company gauge whether its governance system is effective in identifying and mitigating risk?
Your paper should be anywhere from 3-5 pages in length.