Recommended Best Practices for Determining Board Compensation
Texas Banking › Vol. 94 Nbr. 10, October 2005
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Summary
Today's bank board members face heavier responsibilities than ever before. Based on Clark Consulting's experience with more than 2,100 banking organizations nationwide, here are some best practices that help banks meet the challenge of competitive compensation packages that attract and retain the best directors while reflecting strong corporate governance: 1. Establish an overarching compensation policy. 2. Consider how much ownership in the bank you want directors to have and by when. 3. Research your equity options. 4. Consider fee-deferral plans.
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Recommended Best Practices for Determining Board Compensation
Today's bank board members face heavier responsibilities than ever before. It makes sense that...
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