This is a year like no other in the world of executive compensation. Everything has turned on its head and the challenges for professionals in the field are staggering.
For a number of reasons—government scrutiny, shareholder backlash, undernourished balance sheets—bank management and boards are hearing the call to reform executive pay.
Given the state of the banking industry over the past two years, we felt it was time to examine if and how board of directors’ compensation plans were changing. In this flash survey, we explore changes in compensation practices of bank directors in regards to cash and equity compensation for services, chairmanships and committee work.