Compensation committees in European banks: an effectiveness analisys
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The remuneration committees have currently undergone an important reform which has made them the focal point in the governance of Top management incentive- payments. The aim of this work is to investigate the scope of this change in the banking sector and to verify, by means of an «effectiveness rating», how those bodies are improving their operation. The analysis shows the high diffusion of such committees, despite their yet strongly improvable effectiveness. At the same time the study shows which characteristics of committees mainly affect the effectiveness rating and which economic dimensions are associated with a higher quality of their action.
- management compensation
- remuneration committee
- remuneration policy
- European banks