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Updates
The Federal Reserve Board recently proposed guidance designed to ensure incentive compensation practices do not threaten the soundness of financial institutions subject to its supervision.
The proposed guidelines include several principles relating to establishing and monitoring arrangements for incentive compensation in a manner that balances risk and financial results. The Federal Reserve has advised executives of the top 28 foreign and domestic firms to begin reviewing their compensation packages as soon as possible. Read more…
Reprinted with permission of The Banking Law Journal (January 2010)
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