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Bank Regulators Issue New Proposed Rule on Incentive Compensation
Meridian Compensation Partners, LLC Link to more items from this source
[Guidance Overview]
Apr. 28, 2016
"Every covered institution would be subject to the following requirements: [1] Incentive arrangements cannot encourage inappropriate risk by providing excessive compensation or encourage inappropriate risk that could lead to a material financial loss. [2] Incentives must include both financial and non-financial measures of performance (including risk-based measures), and the non-financial measures must be able to override the financial results.... [3] Incentive arrangements must include effective controls and governance, including oversight by the Board of Directors. [4] Covered financial institutions must create annual records documenting the structure of incentives and compliance with these regulations."

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