June 21, 2010
Federal Banking Agencies Finalize Incentive Compensation Rules
On June 21, 2010, the federal banking agencies adopted a final rule on incentive compensation that will add to the responsibilities of bank directors in overseeing compensation paid by their respective banks.
AABD is opposed to rules that unnecessarily restrict the authority of a bank’s board of directors and its compensation committee to decide how to use compensation to attract, retain, and motivate officers and other employees.
Article on ‘Compensation risk analysis: The Bank Director’s Role by AABD Executive Director David Baris
Letter from AABD to Secretary Johnson of the Federal Reserve regarding Incentive Compensation Guidance