Committees : Compensation
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.
Could groupthink be the greatest risk facing bank leadership teams and boards today? Merriam-Webster defines groupthink as “a pattern of thought characterized by self-deception, forced
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.
New rules around hedging practices are just one of the items your board should be discussing.
When it comes to governance of incentive compensation plans and processes, it is important to document and “show your work” to help drive accountability.