26 March 2014
The EU’s attempt to curb excessive bonuses does little to encourage banks to adopt a more ethical approach to executive remuneration
There is little doubt that remuneration is an ethical minefield. Over the past decade, executive pay has been ranked as a top issue the public feels that business needs to address in the Institute of Business Ethics (IBE) annual public perceptions survey. For the banking sector trying to restore trust, while attracting the best talent, remuneration has become an even bigger issue.
HSBC became the first UK bank to reveal how it will sidestep the European Union (EU) bonus cap, when it announced...