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Article: Bank Director ANNUAL Compensation REVIEW 2005
- Article from:
- Bank Director
- Article date:
- October 1, 2005
- Author:
CopyrightCopyright Bank Director Fourth Quarter 2005. Provided by ProQuest LLC. (Hide copyright information)
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USING OUR 2005 REVIEW, BOARDS CAN WEIGH FELLOW DIRECTORS' CANDID OPINIONS ON COMPENSATION ALONG WITH RESULTS FROM OUR ANNUAL REPORT ON RETAINERS, FEES, AND BENEFITS TO BENCHMARK THEIR OWN PAY PACKAGES AND TRAINING PROGRAMS.
Establishing th nt the director compensation structure can be a challenging task for any bank. In doing so, board members must consider the interests of shareholders alongside their own; establish fair, objective policies within their ranks; and eliminate any hint of self-interest.
Moreover, in the wake of governance reform, more accountability has been placed on the board to be the gatekeeper for sound compensation policies and decisions. To fulfill their obligations, ...