Last week, a six-agency brain trust of regulators released a draft of rules to implement section 956 of the Dodd-Frank Act, covering incentive-based pay arrangements that could encourage risk or excessive pay among financial institutions. [...]
In December 2012, an Exposure Draft of the Corporations Legislation Amendment (Remuneration Disclosures and Other Measures) Bill 2012 (“2012 Bill”) was released to modify the Corporations Act 2001. The motivation behind this amendment is to [...]
Deutsche Bank continues to improve its compensation structure by extending the reach of its “clawback” provisions for senior staff. In a move reported by the Financial Times, the lender adjusted its bonus rules to extend [...]