The Federal Reserve has issued Final Guidance on Incentive Compensation Arrangements. While the real target is the high risk activities of Large Banking Organizations (LBOs), the new rules apply to banks of all sizes and will be enforced through regular banking examinations. At the same time, regulators are tightening the interpretation of wage and hour law, requiring many banks to rethink how they pay employees. And the IRS is joining forces with the Department of Labor to crack down on "independent contractor" arrangements.
Why Participate?
The challenge for community and regional banks is to devise compensation plans that create effective financial incentives for top performance and production, while discouraging undue risk-taking and keeping within the legal and regulatory parameters.
Highlights
In this webinar, you will learn about:
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The Federal Reserve Final Guidance on Incentive Compensation Arrangements;
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A new DOL Interpretation requiring overtime pay for lenders;
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Other government action that affects compensation;
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Evaluating your current compensation plan; and
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Creating policies and agreements that accomplish your compensation goals in a compliant manner.
Audience
Human resource staff; bank counsel; compliance personnel, risk managers, and senior bank management.
CE Applied: 2.5 hours CRCM with the ICB and 2 hours HRCI credit.
CE Awarded: 2 hrs. w/the Texas State Board of Public Accountancy
Presenter
Marian Exall practiced law in Atlanta before becoming Home Depot`s senior employment counsel, where she served until 1999. She has handled every kind of employment dispute from internal grievances to major class actions. She is an arbitrator on the American Arbitration Association`s Employment Panel and is certified as a Senior Professional in Human Resources. A co-founder of Employment Law Compliance, Inc., she now devotes herself to preventive practice, concentrating on HR policy, program development, training, investigations, and dispute resolution. She is a frequent speaker, including appearances on CNBC and Fox News. She is a graduate of the London School of Economics and obtained her J.D. with distinction from Emory University of Law.
What is a Webinar?
A webinar is an enhanced telephone seminar. The program consists of 90 minutes instruction and 30 minutes live Q&A. Each webinar registration provides 1 connection to the webinar, materials and access to the On-Demand Webinar for 30 days following the broadcast. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a PIN, materials and instructions prior to the seminar. If you do not receive a confirmation at least 2 days prior to the event call 888-262-7701.
Transmission, retransmission or republishing of the seminar is prohibited. Your registration entitles you to 1 connection at 1 location with permission to copy materials for participants. Complete one registration per location.
