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July/August 2009
Illinois Banker

TARP Executive Compensation Limitations

Donald L. Norman, Jr. and Andrew K. Strimaitis co-authored a Q&A column for Illinois Banker, the official publication of the Illinois Bankers Association, answering the question:  "We now have guidance from Treasury for the TARP executive compensation limitations.  What should we be doing?"

Their column addresses actions to be taken by the TARP recipient institution itself, as well as its board of directors, compensation committee, CEO and CFO, and with respect to "say-on-pay" shareholder votes and document retention policies.

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