Last updated: 1 December 2008
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The growing financial crisis and looming economic recession have created an environment whereby the senior management teams of financial services companies and their Remuneration Committees need to ensure their business strategies and remuneration programmes are appropriately aligned to both the current economic environment and the regulatory/shareholder scrutiny lying ahead.
Implications of governmental and regulatory actions on affected companies, as well as the possible broader impact of these messages on the whole industry, are being explored.
In a recent web briefing, Mercer experts discussed the impact of economic turmoil on the remuneration practices of Financial Services companies.
Related resourcesWe have also compiled a list of related links which maybe of interest to you.
Diane Doubleday (London) Worldwide partner Play podcast (11:20)
This site provides a compelling blend of insights and data which is designed to help you make effective compensation decisions for 2009 and beyond so that you can attract, retain and reward the talent your organization needs to succeed. In addition you can view our automated magazine "Global Compensation Planning 2009".
In early October 2008, we spoke with Vicki Elliott, worldwide partner and leader of Mercer’s global financial services industry network. Our interview took place just one week after Mercer sponsored a banking client roundtable, which Vicki hosted, and which was wedged between client calls following the credit crisis and subsequent passage of the Emergency Economic Stabilization Act of 2008.
Executive remuneration continues to hold the attention of shareholders, regulatory agencies and the media. This publication is devoted exclusively to matters involving executive remuneration and governance.
This compelling blend of insights and data is designed to help you make effective compensation decisions for 2009 and beyond so that you can attract, retain and reward the talent your organization needs to succeed.
Please do not hesitate to contact us if you have any further questions or queries. |
External links
| The new executive remuneration paradigm |
European financial services companies |
For information on what is happening in European financial services companies in the current environment, view the deck and listen to the recording of our 19 November web briefing:The impact of economic turmoil on the remuneration practices of Financial Services companies
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