Do You Have the Right Bank Executive Incentive Goals?

Information in Pearl Meyer’s recent survey Looking Ahead to Executive Pay Practices in 2016 – Banking Edition, shows that compensation committees may not be maximizing their opportunity to drive strategic change.

While many organizations are reporting that the strategic plan influences executive incentive goals, many more are relying on the annual operating budget for determining performance metrics.

This article offers some practical steps for aligning the goal-setting process with the bank’s long-range strategic plan.