TITLE

I Know it When I See it: What Board Compensation Governance and Pornography Have in Common

AUTHOR(S)
Warren, Arthur
PUB. DATE
October 2010
SOURCE
Banking New York;2010 Banking Solutions, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses how community bank boards and management can perform under new regulations brought about by government intervention into compensation programs. It offers recommendations to community bank boards including the review and revision of compensation philosophy for executives, establishing a compensation committee with outside members and implementing a clawback policy to recover inventive awards based on financial inaccuracies. It indicates that regulators will know when community bank boards practice strong compensation governance.
ACCESSION #
55694005

 

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