A "material number" of senior staff at Westpac have been pinged over risk and conduct matters.A revealing discussion on remuneration matters in the bank's self-assessment on risk governance shows that up until last year executives and staff could receive "a high percentage of target incentive even when the risk management score was low."Data available to the Westpac Review Team shows that over the three years to 2017 "at most, from 1-2 per cent of each division's FTE had their remuneration adjusted for negative risk behaviours."Exploring more intricate material than covered in the report from Stephen Sedgwick for the Australian Banking Association, the review found that "Westpac does not produce aggregated data showing the quantum and thematic categories of remuneration adjustment."This, together with inconsistencies in terminology and record-keeping practices, can make it difficult to analyse the effectiveness of Westpac's remuneration framework."In 2018, Westpac introduced a scorecard modifier, including "a 'Reputation and Risk' component, to make positive and negative risk adjustments more explicit."The modifier is a significant positive development, although it is not articulated at a granular level of detail to describe specific activities that should be considered when applying the modifier."The review team said it "observed robust processes to adjust individual remuneration outcomes for GMs, having regard to thematic risks and issues."But they added a kicker:"A material number of general managers had adjustments relating to risk and conduct matters applied in FY17."