Session Presenters
Bryan Lemke
Associate Partner
McLagan
Chris Richter
Associate Partner
McLagan
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About the presenter
Presented by
Bryan Lemke
Associate Partner
McLagan
Bryan Lemke is an associate partner at McLagan and is based at their regional and community bank consulting practice in Minneapolis. During his 14 years at McLagan, he has helped clients design compensation programs that are both value-enhancing for the organization and market-competitive for their executives and other employees. He advises clients on various compensation issues including executive and director compensation, commercial lender compensation, annual and long-term incentive plan design and regulatory compliance. Mr. Lemke assists clients in enhancing proxy disclosure in preparation for their Say on Pay vote, as well as responding to unfavorable proxy advisor recommendations or Say on Pay results.
Mr. Lemke’s articles have been published in Bank Director magazine and he is a frequent speaker on compensation topics at banking industry conferences.
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About the presenter
Presented by
Chris Richter
Associate Partner
McLagan
Chris Richter is an associate partner at McLagan, within their human capital solutions practice. With 20 years of consulting experience, he focuses on executive, staff and director compensation for the banking market. Mr. Richter historically led the firm’s compensation surveys and market practice studies for the regional and community banking market and continues to direct the team in the analysis of trends. He currently serves as the lead advisor to financial institutions covering projects such as peer group selection, executive and director pay benchmarking, incentive plan design, performance goal calibration, disclosure, contract review and technical assistance relating to equity accounting/taxation.
Prior to joining McLagan, Mr. Richter worked at a boutique consulting firm where he advised clients ranging from large commercial lenders to community credit unions. He co-developed the firm’s risk-assessment model to help clients document incentive arrangements and evaluate areas of risk.
Breakout 3: Compensation, Regulation and Best Practices – Where Are We 18 Months After SVB?
On March 12, 2023 Signature Bank failed; this was followed by Silicon Valley Bank and First Republic over the next two months. These three bank failures would define fiscal year 2023 from higher deposit costs, focus on liquidity and, as a result, overall capital levels. Coming off a strong 2022, all of a sudden, memories of the Great Recession came flooding back. As of this writing, we are on the cusp of a major reproposal on regulations addressing incentive compensation. This session provides a concise summary of where we are today, how this will impact banks of various asset levels and what your bank should have in place now.