Magazine : Archives : 3rd Quarter 2013

Director Pay Puzzle

For the second year in a row, Bank Director’s 2013 Compensation Survey reveals that directors and CEOs at the nation’s banks still struggle with the age-old question: How do we pay top executives in a way that rewards them fairly, yet keeps regulators and shareholders happy? Sixty-nine percent of the more than 300 directors and executives that completed the compensation survey indicate that tying compensation to performance remains a top challenge for their institutions. The survey was conducted in March of this year and sponsored by Jenkintown, Pennsylvania-based consulting firm Compensation Advisors by Meyer-Chatfield. Whether publicly traded or privately held,...