Incentive-Based Pay Proposal: Now Seeking Comments

By Arielle Bikard2011-04-01T10:45:00

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Article
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More financial institutions, facing pressure from regulators and investors, are starting to tie compensation practices to ethical behavior and appropriate risk-taking—although progress has been slow. “A consistent leadership culture is necessary in which corporate values, business strategy, and formal incentives support each other,” said Jürgen Fitschen, co-chair of the group ...
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ESG reporting has moved from a voluntary PR exercise to an expectation for regulators and investors, but the compliance audit gap now threatens credibility.