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Additional Compensation/Remuneration Committee Considerations

In: The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia

Author

Listed:
  • Francesco de Zwart

    (University of Adelaide)

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.

Suggested Citation

  • Francesco de Zwart, 2022. "Additional Compensation/Remuneration Committee Considerations," Springer Books, in: The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, edition 1, chapter 0, pages 661-666, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1710-2_17
    DOI: 10.1007/978-981-16-1710-2_17
    as

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