Committees : Compensation
Strategically designed compensation programs can help banks avoid the lost revenue and increased expenses associated with losing and replacing key employees.
Choosing the right compensation plan is an important step in attracting, retaining and rewarding rising leaders.
Recruiting and retaining top talent will never be easy. But being flexible and experimenting with new approaches is one way to increase the odds of success.
A combination of low interest rates, high compliance costs and customer migration toward digital banking channels has led the leaders of two banks to radically transform their institutions.
The compensation committee is central to talent development and succession management at your bank. Its name should reflect that.
Community bank directors are more challenged than ever before to provide competitive compensation to the three distinct generations now working together.
In light of recent corporate scandals, some companies are reexamining their clawback policies.
The rise in the importance of the compensation committee is one of the most significant developments in bank governance since the financial crisis.
Boards should let succession planning guide how they compensate the next generation of leaders.
Eight themes have emerged as more banks adjust how they use strategic business objectives to compensate bankers in the face of industry disruption.