I wrote a while ago about the new imperative for incentive compensation
systems in banking (follow this link for that article http://bit.ly/rFlffE.) That was all about the Federal Reserve and
their guidance on Sound Incentive Compensation Policies.
I was happy to see the following video (follow this link for
the video http://bit.ly/vfSMwS) on
Bankdirector.com. The video entitled Incentive
Compensation Plans: Balancing Risk Vs. Reward features Kevin Blakely, SR VP and
Chief Risk Officer of Huntington Bancshares. It runs about 3 1/2
minutes and in it he discusses managing the risk in incentive compensation
plans, how to minimize risk taking and the role of the Chief Risk Officer in
incentive compensation. He provides some insights as to how Huntington
Bancshares addressed these challenges and manages the risk in incentive
compensation.
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