Bank Director’s 2017 Compensation Survey, sponsored by Compensation Advisors, features data from 286 independent directors and senior executives of American banks. Information was also collected from the proxy statements of 108 publicly traded banks. The results of the survey shed light on current compensation trends that are impacting the banking industry.
Some of the key findings of the report include:
- The top 3 compensation challenges for 2017 are tying compensation to performance, recruiting commercial lenders, and compensation and benefit costs.
- 29% of bank directors and executives expect their bank’s CEO to retire within the next five years.
- 48% say their bank does not have a successor identified to replace the CEO.
Download your copy of the full Bank Director report to delve into the results: