The financial industry has numerous regulations related to compensation, including regulations on appropriately managing the risks arising from compensation systems and preventing excessive risks. Banks must ensure their compensation systems comply with these regulations to avoid potential legal and regulatory consequences.

For our clients:

• We create regulations and compensation policies.
• We prepare compensation resolutions.
• We verify and adjust existing solutions.
• We provide support in identifying risk-takers.
• We prepare reports on compensation policy reviews.
• We develop bonus regulations for other employee groups, considering the specific nature of the financial and insurance industry.
• We support financial institutions in reporting pay gap data.
• We support financial institutions in reporting data on high-earning employees.
• We assist in the hiring and dismissal processes of board members and senior management.

Recently:

• We represented insurance companies and banks in court disputes regarding the payment of variable components of compensation.
• We advised on the management of conflicts of interest in banks.
• We prepared compensation policy review reports.

Interesting events:

• 19 April 2023 – presentation at a conference organised by MMC Poland: „Compensation policy in financial institutions – establishing, monitoring and controlling compensation systems”.
• 5 December 2023 – presentation at a conference organised by MMC Poland: „Compensation policy in financial institutions – best practices and regulatory requirements”.