Magazine : Archives : 1st Quarter 2011

Embracing a Broader Mandate in Bank Compensation

New federal requirements for the compensation of employees helped draw a record crowd to Bank Director’s 6th annual Bank Executive & Board Compensation conference, which took place November 11-12, 2010 at the InterContinental Hotel in Chicago. Passage of the landmark Dodd-Frank Act, combined with new rules on compensation practices at banks and thrifts issued by the Federal Reserve Board, brought compensation committee chairs and members from around the country to the Windy City looking for answers. On an unseasonably warm day in Chicago, over 270 bankers and advisers gathered in the InterContinential’s ornate ballroom for the conference’s opening session of...