Summary: | As part of supervisory efforts to address executive compensation in the financial services industry, the FDIC is issuing the attached guidance on handling applications to make permissible golden parachute payments. This guidance clarifies the golden parachute application process for troubled institutions, specifies the type of information necessary to satisfy the certification requirements, and highlights factors considered by supervisory staff when determining whether to approve a golden parachute payment. |
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Additional Related Topics:
- Part 359 – Golden Parachute and Indemnification Payments
- Part 303 – Filing Procedures for Golden Parachute and Severance Plan Payments (12 CFR 303.244)
- Interagency Guidance on Sound Incentive Compensation Policies