Compensation
08/14/2017

Managing Today’s Compensation Risk



Regulatory attention on incentive compensation is heightened following the Wells Fargo scandal, posing a greater burden to boards and management teams. Todd Leone and Gayle Appelbaum of McLagan, part of Aon plc, explain what tools banks should use to mitigate compensation risk and the questions boards should be asking about incentive compensation arrangements.

  • Increased Scrutiny on Compensation Plans
  • Tools to Mitigate Compensation Risk
  • Questions to Ask About Incentive Compensation
  • Balancing Compensation Risk with Attracting Talent

WRITTEN BY

Gayle Appelbaum

Partner

Gayle Appelbaum is a partner at McLagan’s corporate and consumer banking consulting practice, based out of the Minneapolis office. Ms. Appelbaum brings over 30 years of experience to her clients. Her extensive knowledge of compensation trends and the banking industry, coupled with her keen ability to understand each client’s needs, enables her to create solutions unique to each situation. She specializes in developing incentive compensation plans that balance short and long-term risk while building shareholder value. Ms. Appelbaum’s expertise encompasses the full spectrum of compensation and benefits issues, including corporate governance, pay-for-performance, risk assessment, taxation, regulatory compliance and compensation agreement provisions.

WRITTEN BY

Todd Leone

Partner

Todd Leone is a partner at McLagan. Mr. Leone personally directs all aspects of client engagements to assure that every element of total compensation is aligned with the organization’s strategic goals and is properly balanced for safety and soundness. He also serves as an advisor to compensation committees on multiple compensation and benefits issues, including taxation, regulatory compliance and compensation agreement provisions.

Prior to joining McLagan, Mr. Leone was the president and co-founder of Amalfi Consulting. He also managed the bank compensation consulting practice of Clark Consulting. Mr. Leone has managed all aspects of compensation consulting on behalf of his clients, including developing overall compensation strategies, structuring salary programs, designing annual and long-term incentive compensation plans and board remuneration. He has worked closely with the Treasury and other regulatory bodies on behalf of the firm’s clients to gain insight into how new regulations apply to specific client situations.