Committees : Compensation
Grant Thornton LLP looks at median bank director pay packages in the face of increased regulation and workloads.
The financial crisis has vastly changed the way banks pay their chief executives. Even with long-term restricted stock and smaller salary increases, pay is on the way up.
The requirements of Section 956 are applicable to financial institutions over $1 billion in assets, but some key provisions may serve as guidance for best practices for smaller banks.
Shareholder advisory votes on pay packages were mandated with little notice for the 2011 proxy season, leaving limited resources and time to prepare. But it's not too late to get a positive say-on-pay result in 2012.
Advice compensation committees can use to maximize benefits and structure executive agreements to actually enhance shareholder value.
Don Norman, a partner at Chicago-based law firm Barack Ferrazzano, discusses some of the important issues faced by bank directors and executives as they approach year-end.
A roundtable discussion shows how bank directors are handling new challenges in compensation oversight.
Many more banks and thrifts are finding themselves subject to new compensation restrictions when they fall into the “troubled” category.
Bank Director’s latest Compensation Survey shows that bank directors on smaller bank boards work more hours than they did last year; and in many cases, they are paid less.
As banking regulators begin to demand further risk analysis or modeling to better understand pay-performance relationships, Susan O'Donnell, managing partner for Pearl Meyers & Partners suggests compensation committees consider conducting five types of additional scenario analysis or modeling.