首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Banks are embarking on a radical overhaul(改革)of the way they pay their senior executives by considering how they can link their
Banks are embarking on a radical overhaul(改革)of the way they pay their senior executives by considering how they can link their
admin
2016-10-18
25
问题
Banks are embarking on a radical overhaul(改革)of the way they pay their senior executives by considering how they can link their bonuses to the way they treat customers and build up capital.
The move is a major departure from the traditional way of paying out bonuses, which has been done on the basis of how the bank’s share price has performed relative to rivals, and the institution’s profitability.
All the major banks—Lloyds Banking Group, Royal Bank of Scotland, HSBC and Barclays—are understood to be in discussions with major City investors about the performance criteria for 2011 . Senior shareholders say banks have raised the possibility of including customer satisfaction as a measure of the risks being taken, as well as the amount of capital that banks hold.
The changes are being demanded by the Financial Services Authority, which wants to see a clearer link between pay and performance and the risks being taken by the banks. The FSA, in adopting European-wide rules that came into effect yesterday, has required that long-term incentive plans(奖金计划)should not just have profit-based targets, such as earnings per share, or relative share price performance targets, such as total shareholder return.
The FSA’s code states: "Many common measures of performance for long-term incentive plans, such as earnings per share(EPS), are not adjusted for longer-term risk factors. Total shareholder return(TSR), another common measure, includes... dividend distributions, which can also be based on unadjusted earnings data. If incentive plans mature within a two- to four-year period and are based on EPS or TSR , strategies can be devised to boost EPS or TSR during the life of the plan, to the detriment of the true longer-term health of a firm.
Establishing what alternatives to use is proving tricky for banks, which are trying to
gauge
what will be deemed acceptable both to the regulator and to shareholders who would be expected to vote on the directors’ remuneration(董事酬劳)reports at annual meetings later this year. Jon Terry, remuneration partner at PricewaterhouseCoopers, said: "This is quite radical for directors of banks. When we get to this year’s annual meetings we are going to see different rewards put to shareholders. ’ Companies in many industries, not just banks, have typically used earnings and shareholder return as the performance criteria lor bonuses.
But since the banking crisis the use of such measures has been questioned. RBS chief executive Stephen Hester has targets linked to lending to small businesses, for instance, while, similar targets are expected to be included in the pay of new Lloyds chief executive: Antonio Horta-Osorio, who takes over in March.
Bailed-out Lloyds and RBS said their pay plans would conform with FSA rules, while Barclays has also acknowledged that changes need to be made.
What’s this passage mainly talking about?
选项
A、Bank bonuses set to be linked to customer satisfaction.
B、Discussions between the major banks and City investors.
C、European-wide incentive plans and the FSA pay rules.
D、The banking crisis and its influence on major banks.
答案
A
解析
主旨大意题。通读全文可知,本文主要论述了银行业高管的红利改革,改革的核心内容是红利与客户满意率挂钩,A)与之相符,故为答案。
转载请注明原文地址:https://kaotiyun.com/show/T4Y7777K
0
大学英语四级
相关试题推荐
自改革开放以来,中国的邮政和电信产业发展进入了一个历史性阶段。中国的邮政网络实现了整体性服务和多运输渠道。电话网络的规模以及科技和服务的水平都发生了质的飞跃(qualitativeIeaps)。中国已经建立了自已的公共电信网络来覆盖整个国家,并且还与世界
A、BecauseLondontaxidriversallhavegonethroughaverytoughtrainingperiodtogetspecialtaxidrivinglicense.B、Because
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】______willcontinuethroughthenextfewdecades.Crimer
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】______willcontinuethroughthenextfewdecades.Crimer
TheNewOldAgeA)TheJapaneseseniorcitizenswhofoundedJeebaknewtheyweremakinghistorywhentheycoinedtheircompanymo
随机试题
逻辑文件的组织结构是由_______确定的。()
班主任工作的中心环节是()。
淋巴结外恶性淋巴瘤最常累及的部位是
关于人工流产,描述正确的是
《FIDIC施工合同条件》中,关于承包商的索赔权终止的时间规定是()。
可以用于弥补以前年度亏损和转增资本的是()。
校本课程是基于每一所学校及学校所在的社区的特殊需要而开发的课程,因此校本课程开发的主体是()
日本“二二六”事件
Lightasitcomesfromthesunisamixtureoflightofmanydifferentcolors.
A、Themanisnotgoodatbalancinghisbudget.B、Shewillgopurchasethegiftherself.C、Thegiftshouldnotbetooexpensive.
最新回复
(
0
)