Magazine : Archives : 1st Quarter 2012

Conference Report

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:...