Demoting an employee and potentially lowering their pay is a decision that has implications for both the employee and the employer. These implications can range from hurt feelings, all the way to a wrongful dismissal claim.
Archives for April 2022
If you want to promote effective management, de-emphasize independence and have the CRO report to the CEO with access to the board. Then hold the CEO (not the CRO) accountable for the effective management of risk and opportunity.