So, you thought you were done with TARP?
When a banking organization participating in Treasury’s Troubled Asset Relief Program, better known as TARP, considers repayment, it is commonplace to presume that the organization will be free from the shackles of various compensation limitations, governance rules and reporting requirements that applied during the TARP period. Unfortunately, upon closer examination, it becomes apparent that several areas will require ongoing vigilance to ensure full compliance with the TARP rules.
Don Norman and Andy Strimaitis, partners in the firm’s Compensation and Employment practice, discuss the legacy issues from the TARP compensation limits that may remain after repayment of TARP funds in a guest post for BankDirector.com. Click here to read the post.
Don and Andy will be speaking at Bank Director’s upcoming compensation conference November 8-9 in Chicago.