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
26
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 can we learn about the Financial Services Authority?
选项
A、It wants to separate pay from performance.
B、It will undertake all of the banks’ risks.
C、It required more on long-term incentive plans.
D、It holds an opposing position to European rules.
答案
C
解析
推理判断题。该段第二句提及“英国金融服务局早已提出长期刺激性计划不应该只拥有以诸如每股收益的利润为基础的目标,或者诸如股东总回报的相关股价绩效目标”,即其对长期刺激性计划有更多的要求.C)与之相符,故为答案。
转载请注明原文地址:https://kaotiyun.com/show/W4Y7777K
0
大学英语四级
相关试题推荐
A、BecauseLondontaxidriversallhavegonethroughaverytoughtrainingperiodtogetspecialtaxidrivinglicense.B、Because
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
VideoconferencingisnothingmorethanatelevisionsetorPCmonitorwithacamera.Throughthevideoconferencing,notonlyyo
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】______willcontinuethroughthenextfewdecades.Crimer
Timeisrunningoutforgovernmentstooverhaulregulationofglobalbanksthathavebecomebiggerandmorepowerfulsincethes
ThenewUShealth-insurancerulesaredesignedtohelpthosecaughtinMedicare’s"doughnuthole",offerseniorsmorepreventati
ThenewUShealth-insurancerulesaredesignedtohelpthosecaughtinMedicare’s"doughnuthole",offerseniorsmorepreventati
TheNewOldAgeA)TheJapaneseseniorcitizenswhofoundedJeebaknewtheyweremakinghistorywhentheycoinedtheircompanymo
随机试题
卡比多巴单独应用治疗帕金森病有效。
左向右分流型先天性心脏病出现显著肺动脉高压时,主要改变为
对“激素依赖型”和“激素抵抗型”。肾病综合征的治疗应采用
治疗剂量与中毒剂量相近,使用不当会致人中毒或死亡的药品
某事业单位开出并承兑的商业承兑汇票到期无力支付时,正确的会计处理是将该应付票据()。
以受法律规范拘束的程度为标准,行政行为可以分为依申请的行政行为和依职权的行政行为。()
以下几种学习动机,哪一种是罗杰斯认为对学习者的学习最有影响力的一个?()
无论是恢弘而_________的战争场景,还是浪漫凄美的烽火情缘,都在强烈的历史质感中_______出一种博大的正义情怀。填入划横线部分最恰当的一项是:
实践证明,管理信息系统开发导致失败的因素往往是【】因素。
强化
最新回复
(
0
)