Contributor : Andy Strimaitis
A recent court case reaffirms the powers of regulators to deny certain compensation payments for troubled banks, making clear how important advance planning is.
The new rules have key differences from the old rules.
Through early planning for compliance with Section 280G of the Internal Revenue Code, banks can avoid saddling senior executives with punishing excise taxes, or the bank with expensive gross up payments.
Attorneys at Barack Ferrazzano discuss the board’s fiduciary duty in succession planning, questions to ask management, and how to address board succession.
When it comes to the regulatory flu, bank directors need some medicine, fast.
2012 brings us new guidance under the Dodd-Frank Act addressing the familiar concept of independence.
Many more banks and thrifts are finding themselves subject to new compensation restrictions when they fall into the “troubled” category.
An overview of the legacy issues from the Treasury’s Troubled Asset Relief Program (TARP) compensation limits that may remain after repayment of funds.