How do you manage an 'indispendable' senior staff with bad attitute

I was recently engaged to consult with successful and established group of companies in Organisational Strategies Development and came across a common issue with many organisations today. How do you deal with someone who is accepted by the bosses to be 'indispensable' to the company in terms of being a pioneer staff, having strong product knowledge, a revenue performer but is unable to lead, cope and accepted by his fellow colleagues or subordinates and refuse to be accountable or responsible for other things?
You cannot sack him or reprimand him for fear of losing him but is causing other staff to leave or be demotivated. I propose that we create internal competition as a threat to him and also start implementing consequences for non compliance. What do you think.

Avoid fraud in organisations today

Fraud and Corporate Governance are 2 scary words that are seen everyday in business news today. Do you think many organisations are praticing good corporate governance and is sensitive to mitigate fraud in their oganisations?

Is risk management policies and processes taking care enough of fraud mitigation?

How do you think should be best practices to mitigate fraud in organisations today?

Knowledge or Skill

In today's trying times, most of us including te government are spending millions as part of the stimulus package to train unemployed graduates with new skills and knowledge.

Do you think that is a good move in the short term? Or you have a better idea?

Let's talk about it?