Emerging Issues: Executive Compensation in Banking and Finance
In response to the Federal Reserve’s efforts to reduce the risk of another catastrophic financial crisis, several U.S. banks have recently reduced maximum bonus pay for executives who exceed their financial targets in 2012. More so, there has been much debate as to how the largest corporation’s incentive structures have the ability to impact the economy. In today’s political and economic environments, banks and financial institutions may have to completely overhaul their bonus pay practices to ensure that they won’t be on the Fed’s To-Call list by avoiding violations of related executive compensation laws.
The Knowledge Group has assembled a panel of key thought leaders and distinguished professionals to help financial executives and HR professionals understand all the significant issues surrounding this critical issue. In addition to regulatory updates, our speakers will also provide an in-depth analysis of the bonus pay patterns in the financial industry and its impact on their businesses and the broader economic environment.
Steven Slutsky, Principal,
- Scene setting, landscape opening
- International regulations
- Close out with interplay between comp programs and risk
- Research into psychology of incentives
- Disconnect between perceptions and what regulators will try to do
Lynda M. Crouse, Partner,
- Regulatory issues – U.S.
Greg Kopp, Senior Principal,
- Executive PAY plan design
- Changes observed in setting up bonus pools and long term plans
- Some of have lost their way – pay plans are starting to look similar
- Pay program designs and how they’ll be modified
Who Should Attend:
– Employee Benefits and Executive Compensation Practicing Lawyers
– Compensation and Benefits Consultants
– HR Executives
– Benefits Managers
– Financial Officers
– Senior Bank Executives
Steven Slutsky is a Principal in PwC’s Human Resource Services Practice. He has over two decades of human resources experience, including the areas of Board, executive and broad-based compensation and benefits, equity design, compensation risk assessments, compliance, and disclosure preparation/review. Steven works with a broad range of global organizations, including publicly-traded, privately-held and not-for-profit organizations.
Steven is a Trusted Advisor to Boards and management teams on analyzing and designing executive and broad-based compensation programs that align performance with shareholder value creation, and comply with regulatory requirements. He assists companies in aligning compensation with returns consistent with their risk profiles, so that payouts are adjusted for risk and the cost of capital.
Steven has a B.S. from the Wharton School of the University of Pennsylvania, and a J.D./M.B.A. from Boston University. He is the former President of the Philadelphia Chapter of the National Association of Stock Plan Professionals, and has presented at the annual national convention. Steven is a contributing author to the publication Executive Compensation by BNA Books. He lectures regularly on human resources, employee/labor relations and compensation issues, and has been a guest lecturer at the Wharton School of the University of Pennsylvania. Steven teaches continuing legal education classes on executive and broad-based compensation design and risk.
Steven Slutsky is a Principal in PwC’s Human Resource Services Practice. He has over two decades of human resources experience, …
Lynda advises clients in the design, implementation and administration of all types of employee benefits, with a focus on executive compensation and qualified and nonqualified retirement plans. Lynda has extensive experience working with financial institutions on a variety of matters, including incentive compensation, health and welfare plans, HIPAA and FMLA issues, and severance and change-in-control arrangements. Lynda provides advice to boards of directors, compensation committees, senior executives and legal departments in circumstances ranging from day-to-day regulatory compliance and administration issues to special projects, which include mergers, acquisitions, reorganizations and the unique executive compensation issues associated with participation in the federal government’s Troubled Asset Relief Program. Lynda’s practice also includes advising clients regarding employee communications, corporate governance, and fiduciary responsibilities in connection with employee benefits and executive compensation matters.
Lynda advises clients in the design, implementation and administration of all types of employee benefits, with a focus on executive …
Greg Kopp is a Senior Principal with Hay Group practicing in the area of executive compensation and equity incentives. He provides consulting services to senior management and Boards of Directors and has led the compensation function for two global publicly-traded private equity and alternative asset managers. He works with companies to evaluate, design, and implement incentive and reward programs that address the organization’s business and human capital strategies and objectives, while balancing the financial statement impact and shareholder performance expectations.
Greg Kopp is a Senior Principal with Hay Group practicing in the area of executive compensation and equity incentives. He …
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