Revised exec compensation, fixed-asset proposals slated today

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The incentive-based executive compensation proposal expected from NCUA’s board today may be improved from one issued in a 2011 interagency proposed rule, but it’s still expected to be onerous and to set deferred compensation requirements and clawback provisions for institutions above certain asset sizes.NAFCU raised numerous concerns over the 2011 proposal, both regarding its scope and its impact on credit unions’ regulatory burden. While today’s proposed rule is expected to be more tailored, NAFCU opposes the implementation of unnecessary rules and will analyze the proposal with that in mind.Issued under the Dodd-Frank Act, the 2011 proposal was aimed at prohibiting compensation that was excessive or could encourage risky activity that could lead to material financial losses. continue reading »last_img

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