Bank Compensation Consulting Services
The banking industry faces a multitude of compensation challenges. Along with a fragile economy and increasing shareholder activism, banks today must adapt programs to growing list of new legislative and regulatory requirements. What was acceptable practice in the past is no longer best practice going forward. Banks are expected to address emerging requirements, particularly those related to the management of incentive plan risk; clawbacks; severance arrangements; and performance-based pay programs. In addition, boards and compensation committees face increased accountability, disclosure and governance expectations. These changes have made it increasingly difficult for all banks to attract, motivate and retain key members of their senior management teams and build effective boards.
At a time when banks need customized, insightful and effective compensation consulting services more than ever, PM&P offers an unparalleled level of expertise and experience in the design and administration of compensation programs. For more information about our firm's Banking Compensation services, please download our fact sheet. We also invite you to contact us at banking@pearlmeyer.com or your nearest office.
The Latest Insights from Pearl Meyer & Partners
Compensation Trends and Issues
Inside the Boardroom with Susan O'Donnell
Effective Compensation Risk Assessment at the Board Level
ABA Banking Journal Coverage of Federal Reserve Proposals on Banking Pay
Podcast: Interview with Susan O'Donnell MORE >>
Meet your new pay consultant—the Fed – Part One MORE >>
Meet your new pay consultant—the Fed – Part Two MORE >>
Executive Incentive Practices Post-TARP
Client Alerts
Federal Reserve Joins Forces with FDIC, OCC and OTS to Issue Final Guidance on Incentive Compensation Oversight and Risk
Final Rules for 2010 Compensation and Corporate Governance Disclosures
RiskMetrics 2010 Policy Updates
Federal Reserve Proposes Unprecedented Oversight of Pay Programs at Financial Organizations
Obama Administration's Proposed Say on Pay and Comp Committee Independence Standards for All Public Companies
Summary of Significant Executive Compensation Restrictions for Companies Participating in TARP
The Ever-Changing Federal Assistance Landscape: Treasury's New Executive Pay Restrictions
Comment Letters
PM&P on FDIC Employee Compensation and Risk-Based Assessment System
PM&P on Federal Reserve Proposal on Pay
PM&P on 2010 RMG Policy Changes
PM&P on Proposed SEC Disclosure Amendments
Bank Governance and Compensation Articles
Protect Your Bank's Future
Risky Business: The New Focus on Executive Compensation Risk
CEO Succession - The Importance of Compensation
Roadmap for Compensation Risk Assessment
Effective Compensation Risk Assessment at the Board Level
Executive Incentive Practices Post-TARP
Bank Research Reports
2009 Say on Pay Survey - Banking Industry Edition
The 2009 Say on Pay Survey provides a look at the steps companies have taken or plan to take to prepare for a shareholder vote on executive pay practices, with data on banking industry responses as well as the entire survey group.
Executive Pay in the New Economy February 2009 Results - Banking Industry Edition
The Executive Pay in the New Economy survey examines the changing executive pay outlook for banks, with perspectives provided by Directors, executives and human resource professionals.
Bank Compensation Surveys
2010 Northeast Banking Compensation Survey
Conducted in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, this is the most comprehensive survey of compensation among banks in the Northeast. The report covers officer and non-officer compensation for more than 150 positions, as well as data on policies and practices related to salary administration; short-term and long-term incentive plan design; executive retirement benefits; and executive perquisites and incentives.
Click here to buy the 2010 Banking Compensation Survey
2010 Northeast Banking Benefits and HR Policies Survey
This comprehensive survey, conducted in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, is the definitive source for information on Officer and Non-Officer, full and part-time benefits programs and Human Resource practices and policies. Specific topics include:
- Allowed Absences (PTO Programs, Vacation, Sick Days, Holidays, etc.)
- Health (Medical, Dental, Vision) and Wellness Plans
- Flexible Spending Accounts
- Short and Long-Term Disability Benefits
- Life Insurance
- Retirement Plans (401(k), Defined Benefit Plans, etc.)
- Work Life Benefits
- Retiree Benefits
- Payroll and Institution Costs
- Prevalence and select design information on Executive Benefits (SERPs, Supplemental Benefits, Employment Agreements, Change-in-Control Agreements, Deferred Compensation Arrangements, and Perquisites)
Click here to learn more about purchasing the 2010 Banking Benefits and HR Policies Survey
For more information on any of the reports list above, please contact banking@pearlmeyer.com.
2009 Bank Director Compensation and Governance Practices Survey Results
This comprehensive survey, conducted in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, is the definitive source for information on Board of Directors compensation and governance practices among Northeast banks. Specific topics include:
- Total Compensation (including Board Retainers and Meeting Fees)
- Committee Compensation (including Chair Premiums)
- Board and Committee Composition and Structure
- Equity Practices
- Benefits Practices
- Governance Practices
- Other Operational Practices (including Board Evaluation, Education, Strategic Planning and Succession Planning)
Click here to learn more about purchasing the 2009 Director Compensation and Governance survey
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