All posts tagged "malus"
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292IndiaRBI Issues Guidance for NBFCs on Senior Manager Remuneration
NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
May 8, 2022 -
207ESG / SustainabilityBank Compensation Practices More Advanced Than Other FIs: FSB
The use of balanced scorecards based on KPIs in determining compensation is "critical" to promoting a sound risk culture in a firm, the FSB says.
November 5, 2021 -
242Australia & NZAPRA Issues Updated Guidance on New Remuneration Standards
The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
October 21, 2021 -
243Australia & NZ
APRA Finalises Prudential Standard on Remuneration
The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.
August 30, 2021 -
539ChinaCBIRC Finalises Corporate Governance Guidelines for Banks, Insurers
Directors are required to treat shareholders fairly and guarantee their rights, demonstrate high standards of professional ethics, and protect the rights and interests of stakeholders.
June 12, 2021 -
624ChinaCSRC Updates Senior Manager Rules for Securities, Fund Operators
Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.
November 25, 2020 -
804Big Picture
All Firms Are Taking Steps to Align Compensation With Risk: FSB
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
May 13, 2020 -
671IndiaRBI Issues Stricter Rules on Bank Executive Compensation
Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.
November 6, 2019
