New Incentive Compensation Rules Will Impact Banks and Their BoardsAndrew K. Strimaitis
Recently, an inter-agency proposal was issued by four of six regulators for new rules on incentive compensation under §956 of the Dodd-Frank Act, replacing the joint rules proposed in 2011 that never went into effect. Under the framework of the law, banks boards must approve incentive compensation plans for senior executives and "risk takers." Barack Ferrazzano Compensation & Employment Partner Andrew K. Strimaitis expands on some of the important differences between the new rules and those proposed in 2011 in "New Incentive Compensation Rules Will Impact Banks and Their Boards."
Click here to read Andrew's article describing the key differences in the new rules.