FSB Principles for Sound Compensation Practices (FSBP) and FSB Implementation Standards (FSBIS)

Francesco de Zwart
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Francesco de Zwart: University of Adelaide

Chapter Chapter 13 in The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, 2022, pp 595-612 from Springer

Abstract: Abstract Chapter 13 examines the FSB Principles for Sound Compensation Practices (FSBP) and the FSB Implementation Standards (FSBIS). For the FSBP, FSB principles and standards 1–3 are for effective governance of compensation, FSB principles and standards 4–7 are for effective alignment of compensation with prudent risk-taking and FSB principles and standards 8–9 cover effective oversight and engagement by stakeholders. Moving then to the FSBIS, FSBIS 1 and 2 relate to the Compensation/Remuneration Committee structure and governance while FSBIS 3 covers compensation and capital. FSBIS 4–14 set out governance variables for pay structure and risk alignment. The chapter concludes with FSBIS 15 which governs disclosure.

Keywords: FSB Principles for Sound Compensation Practices; FSB Implementation Standards; Effective governance; Effective alignment; Prudent risk-taking; Effective oversight; Compensation/Remuneration Committee Structure and Governance; Compensation and capital; Pay structure and risk alignment (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1710-2_13

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DOI: 10.1007/978-981-16-1710-2_13

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