Bank Compensation Consulting Services

Economic uncertainty, new regulatory mandates, and heightened scrutiny of executive compensation practices make it increasingly challenging for banks to attract, motivate, and retain key talent. Amidst the multitude of new considerations, redesigning long-term incentive plans to address underwater options and newly emerging ownership/holding requirements are key issues for many organizations.  Public banks also must accommodate the increased disclosure requirements for Say on Pay/Say on Frequency. And all banks are focused on addressing new regulatory requirements to review incentive compensation arrangements to ensure sound risk management practices.  Clawbacks, deductibility and 162m issues, severance/golden parachute practices round out a very busy agenda.

For more information about our firm's Banking Compensation services and how they can help your organization reach its goal, please download our fact sheet. We also invite you to contact the office nearest you or email us at banking@pearlmeyer.com.

The Latest Insights from Pearl Meyer & Partners

Compensation Trends and Issues

Directors' Accountibility for Ensuring Risk-Based Compensation Programs 

2011 Shareholder Voting Trends - Preparing for 2012 Say on Pay

Compensation & Risk: The Directors' Responsibility

Putting Together Pay Plans After TARP

Protect Your Bank's Future

The New Focus on Executive Compensation Risk

Compensation and Governance: Best Practices of Financial Institutions Post-Dodd-Frank

Inside the Boardroom with Susan O’Donnell

Effective Compensation Risk Assessment at the Board Level

ABA Banking Journal Coverage of Federal Reserve Proposals on Banking Pay
   Podcast: Interview with Susan O'Donnell MORE >>
   Meet your new pay consultant—the Fed – Part One MORE >>
   Meet your new pay consultant—the Fed – Part Two MORE >>

Executive Incentive Practices Post-TARP

Risky Business: Assessing and Addressing Executive Compensation Risk

Client Alerts

JOBS Act Trims Compensation Disclosure and Exempts Emerging Growth Companies from Say on Pay Rules

An ISS Holiday Gift Basket: Technical Guidance on Pay-for-Performance Test, Updated GRid and New Burn Rate Tables for 2012 Proxy Season

ISS Issues Policy Updates for 2012 Proxy Season

FDIC Approves Rules to Implement Dodd-Frank Limits on Incentive Pay Risk at Financial Institutions

Federal Reserve Joins Forces with FDIC, OCC and OTS to Issue Final Guidance on Incentive Compensation Oversight and Risk

SEC Proposes Rules for Implementing New Compensation Committee and Consultant Independence Standards

Comment Letters

PM&P on FDIC Employee Compensation and Risk-Based Assessment System

PM&P on Federal Reserve Proposal on Pay

Bank Research Reports

Looking Ahead to Executive Pay Practices in 2012 - Banking Industry Edition                                         
Forward-looking data on how companies plan to address executive compensation challenges created by the uncertain economic environment and the continued drive for increased regulatory and shareholder oversight of high-level pay programs. 

PM&P On Point: CEO Succession Planning Survey - Banking Industry Edition                                         
How companies are approaching planning for a possible change of leadership 

PM&P On Point: 2011 Executive Pay-for-Performance Survey - Banking Industry Edition                                         
Critical data and perspective on performance-based executive pay designs and the determination of award levels.   

Banking Executive Compensation Trends and Competitive Market Data Report

A custom developed high level "pulse" of executive total compensation levels for senior executives based on the most recent proxy filings for banks similar in size and/or region.  Click here to learn more about receiving your custom report.

Bank Compensation Surveys

Pearl Meyer & Partners is pleased to announce the national expansion of our banking compensation survey! For this first year, our target participants will be banks with assets greater than $1 billion.

2012 National Banking Compensation Survey

The National Banking Compensation Survey provides comprehensive officer compensation data and incentive practices specific to the banking industry. The survey provides participants with information needed to assess the competitiveness of their compensation plan, and evaluate their plan’s effectiveness. The survey provides compensation data for approximately 100 positions covering the following elements of compensation:

• Base salary;
• Annual incentives (actual paid and target opportunity);
• Long-term incentives / equity; and
• Total direct compensation.

In addition, it presents policies and practices reports covering the following areas:

• Short-term and long-term incentive plan design; 
• Commercial lending incentive plan design;
• Retail incentive plan design;
• Mortgage loan originator and mortgage sales manager commission structures; and 
• Prevalence of executive retirement benefits and perquisites for the top five executives.

Click here for more information regarding our national banking survey

2012 Northeast Banking Compensation Survey

Conducted in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, this comprehensive survey covers officer and non-officer compensation for more than 150 positions, as well as data on policies and practices related to salary administration; short-term and long-term incentive plan design; executive retirement benefits; and executive perquisites and incentives.

Click here to learn more about participating in the 2011 Northeast Banking Compensation Survey.

2011 Bank Director and Governance Practices Survey

Published every other year in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, this is the definitive source for information on Bank Board of Directors' compensation and governance practices such as:

• Compensation (including Board Retainers and Meeting Fees)
• Committee Compensation (including Chair Premiums)
• Board and Committee Composition and Structure
• Equity Practices
• Benefits Practices
• Governance Practices
• Other Operational Practices (including Board Evaluation, Education, Strategic Planning and Succession Planning)

Click here to learn more about the 2011 Bank Director and Governance Practices Survey.

Banking Benefits and HR Policies Survey 

Conducted in conjunction with the Massachusetts, Connecticut and New York Bankers Associations, this bi-annual survey covers Officers and Non-Officers, full and part-time benefits programs, and HR practices and policies. Specific topics include:

• Allowed Absences (PTO Programs, Vacation, Sick Days, Holidays, etc.)
• Health (Medical, Dental, Vision) and Wellness Plans
• Flexible Spending Accounts
• Short and Long-Term Disability Benefits
• Life Insurance
• Retirement Plans (401(k), Defined Benefit Plans, etc.)
• Work Life Benefits
• Retiree Benefits
• Payroll and Institution Costs
• Prevalence and select design information on Executive Benefits (SERPs,  Supplemental Benefits, Employment Agreements, Change-in-Control Agreements, Deferred Compensation Arrangements, and Perquisites)

Click here to learn more about the 2010 Banking Benefits and HR Policies Survey.

For more information on any of the reports list above, please contact banking@pearlmeyer.com.