Incentive Compensation. What Will Regulators Want to Know?
March 11, 2010
Panelist: Angela Desmond, Managing Director, Corporate Risk Advisors LLC
Topic: Incentive Compensation. What Will Regulators Want to Know?
The Federal Reserve Board recently issued guidance on incentive compensation designed to help ensure that incentive compensation policies and practices at banking organizations do not encourage excessive risk-taking and are consistent with the long-term safety and soundness of the organization. The panelists also will focus on how to apply the principles outlined in the guidance to your institution’s compensation practices.
The Briefing will address:
- Risks posed by incentive compensation plans. How do we measure risk? How do we mitigate risk?
- Responsibility of the Board’s compensation committee. What type of expertise is needed? When should we us an outside consultant?
- Communication to the Board and other parties. How do we explain the compensation philosophy and goals?
- Emerging best practices, recommended policies and procedures.
Other panelists include:
- Susan O’Donnell, Managing Director, Pearl Meyer & Partners
- Michael Kesner, Principal, Deloitte Consulting
- Sally Miller, SVP, Director and Chief Regulatory Counsel, Center for Securities, Trust, and Investments
