Contributor : Mike Blanchard
A surprisingly low number of banks have a formal compensation philosophy.
Employees expect to see increased pay as a result of tax reform’s expected positive impact on bank earnings, but banks should take a strategic approach.
For private banks, synthetic equity can be a more attractive way to reward executives.
It is more important than ever to make sure the total compensation program for directors is competitive and following the bank’s philosophy.
Mike Blanchard of Blanchard Consulting Group writes about ways banks are changing incentive pay to reflect a pay-for-performance culture.
Sydney Garmong, partner in financial institutions services with Crowe Horwath LLP, discusses the proposed changes to fair value and allowance for credit losses.