Additional Compensation/Remuneration Committee Considerations

Francesco de Zwart
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Francesco de Zwart: University of Adelaide

Chapter Chapter 17 in The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, 2022, pp 661-666 from Springer

Abstract: Abstract In Chap. 17 we examine additional Compensation/Remuneration Committee considerations and governance variables. This begins with the Chairperson’s pay and non-executive director pay differentials. We then review ‘enhanced disclosure’ of pay which is not linked to performance and exceptional commencement, termination and pension arrangements – ‘golden hellos’ and ‘golden parachutes.’ We conclude by identifying the disclosure obligation for ‘enhanced benefits’ and their compensation component. Enhanced payouts on termination for executives and high end employees can lead to risk-taking in excess of risk appetite and thus increase the likelihood of bank failure as do enhanced payouts on commencement.

Keywords: Chairperson; Non-executive director; Pay differentials; Enhanced benefits not linked to performance; Golden hellos; Golden parachutes; Disclosure obligation; Compensation component (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_17

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DOI: 10.1007/978-981-16-1710-2_17

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