Compensation Practices for Misconduct Risk

Francesco de Zwart
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Francesco de Zwart: University of Adelaide

Chapter Chapter 18 in The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, 2022, pp 667-673 from Springer

Abstract: Abstract Chapter 18 examines compensation practices for misconduct risk. There is detailed examination of the Supplementary Guidance to the FSB Principles and Standards on Sound Compensation Practices, the Use of Compensation Tools to Address Misconduct Risk (‘FSBSupp’). FSBSupp 1–4 examine the governance of compensation and misconduct risk. FSBSupp 5–7 provide for the effective alignment of compensation with misconduct risk. In the latter case, compensation is to be adjusted for all risks, measures and tools are provided for adjusting variable compensation for long-term misconduct and compensation policies and procedures are employed to control misconduct.

Keywords: Compensation practices; Misconduct risk; Supplementary Guidance to FSB Principles and Standards; Compensation tools to address misconduct risk; Governance of compensation; Effective alignment of compensation; Supervision of compensation and conduct risk (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_18

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DOI: 10.1007/978-981-16-1710-2_18

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