The compensation committee's role is to understand and monitor the incentive compensation plans for all bank employees. Coupled with increased regulations restrictions, the board must be even more knowledgeable and experienced when developing and evaluating pay structures. Gayle Appelbaum and Todd Leone, Principals for McLagan’s Corporate and Consumer Banking Consulting Practice, provide an overview on what board members should consider when designing effective compensation plans. Topics covered include: Considerations When Designing Compensation Packages Complying with Current and Proposed Regulations Creating Custom Peer Groups Working with Independent Advisors