In this article, Founding Partner Kelly Malafis, Principal Shaun Bisman, and Principal Mike Bonner address bank compensation committees. They list three issues that bank compensation committees should focus on: the rising cost of talent, the uncertain economic outlook, and the link between environmental, social, and governance (ESG) issues and human capital and compensation.
Partner Kelly Malafis and Principals Shaun Bisman and Mike Bonner discuss compensation considerations when comparable banks merge as one. They note that developing the human capital strategy and compensation program at the pro forma bank is a key factor for the management teams and boards to consider. The newly executed compensation philosophy should guide how the bank pays its employees and a common approach for many merged banks to tie the team together is to provide a long-term incentive award.
Principal Shaun Bisman, Senior Associate Mike Bonner and Partner Kelly Malafis identify key items that banks must consider to provide continuity in leadership and successful execution of priorities when turnover occurs in the CEO role today.
Partner Kelly Malafis, Principal Shaun Bisman, and Senior Associate Michael Bonner dive into clawback triggers and how a more robust clawback policy can benefit shareholders.
Partner Kelly Malafis and Principal Shaun Bisman discuss how banks are aligning incentive-based compensation with strategic priorities.
Partner Kelly Malafis and Principal Shaun Bisman discuss gender pay equity and board diversity among the financial services industry.
Senior Partner Rosie Orens explains the importance of the pay and performance alignment and explains the aspects that should be considered in the creation of a pay package.