Compensation Services - Governance

Your board of directors is in the “hot seat”.  The current Administration, Congress, Treasury, SEC, and most importantly, bank regulators at all levels, believe that financial institution boards of directors have fallen asleep at the wheel in the area of compensation governance, and that poor compensation practices have been a significant contributor to the recent financial crisis.

This perception is so pervasive that even the community financial institutions that have a history of sound compensation governance will be under greater scrutiny.  At a minimum, greater documentation and disclosure of compensation policies and procedures will be necessary.  And for those institutions, large or small, that haven’t yet developed a robust approach to compensation governance, now is the time.

Swanson Advisory Services can help your board and compensation committee ensure compensation governance that will stand up to the scrutiny.

• Review of compensation committee charter, policies and procedures;
• Assessment and management of compensation-related risks;
• Sound compensation design;
• Peer benchmarking;
• Regulatory compliance;
• Documentation, reporting and disclosure.