A new day in compensation: Banks boards across the country are totally revamping their compensation plans to accommodate new regulations, reduce risk and appease shareholders. “It’s been a perfect storm,’’ said Todd Leone, a principal in the Minneapolis office of compensation consultant McLagan, speaking at Bank Director’s Bank Executive & Board Compensation conference on Nov. 8-9 in Chicago. Nearly 300 bank officers and directors gathered to learn how their peers were handling compensation, what regulators wanted and how to deal with the increased power of shareholder groups such as Institutional Shareholder Services (ISS). Here are some highlights from the conference:...
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Editor Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.