Following a visit by golf course consultant Gordon Irvine to Uist last December, the club agreed to return the course, as far as possible, to the original design.
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And, of course, the consultant will deny that there are any situations where he has a substantial conflicting financial interest.
Boards fail to grasp that, in this situation, they cannot rely upon the consultant to advise them against a course of action in which the consultant has a substantial financial interest.
Of course, any experienced management consultant would point out that this is not novel concept.
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Being a consultant myself, I am not of course saying that consultants are a waste of money.
If you apply the above rules to pension consultant conflicts of interest, the correct course of action is obvious.
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"We find time has been an ally, " says Sergeant Bill Tanton, a 23-year veteran of the Sacramento Police Department and a consultant for the California Cold Case Investigation Course, a training program that specializes in solving open cases.
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The image of a "fat cat" consultant spending more time on the golf course than on the wards is one that we're likely to see borrowed over the coming few days, as senior doctors reject a new contract.
In the course of that interview it flipped my career from management consultant to entrepreneur.
And, of course, all of this is in addition to the annual retainer the consultant receives from the fund and any manager search or project fees.
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
Of course, "there has to be some healthy conflict, " says Mr. Gordon, the author and consultant.
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