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2007 BANK DIRECTOR COMPENSATION REVIEW
- Article from:
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Bank Director
- Article date:
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October 1, 2007
- Author:
- Crowe, Kimberly; Scally, Deborah
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Copyright informationCopyright Bank Director Fourth Quarter 2007. Provided by ProQuest LLC. (Hide copyright information)
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Bank Directors annual director compensation study, cosponsored again this year by Clark Consulting, offers financial institution board members a detailed view of pay practices among their peers, as well as information on trends and issues affecting compensation committees in 2008 and beyond.
HIS YEAR'S SURVEY OF DIRECTORS OF U.S. FINANCIAL INSTITUTIONS CRYSTALLIZES THE NOTION THAT DIRECTOR PAY IS SLOWLY INCREASING, WHILE MAINTAINING A REASONABLY FAIR BALANCE BETWEEN REWARD AND RESPONSIBILITY. IN FACT, MOST OF THE 894 DIRECTORS RESPONDING TO THE SURVEY BELIEVE THEIR BANKS ARE DOING A GOOD JOB OF ALIGNING INTERESTS AND RESPONDING TO SHAREHOLDERS'CONCERNS ABOUT COMPENSATION PRACTICES AND ...