| Author (Person) | Steen, Michael |
|---|---|
| Series Title | Financial Times |
| Series Details | 10.9.09 |
| Publication Date | 10/09/2009 |
| Content Type | News |
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Dutch banks are poised to become the first in the world to agree to limit bonuses paid to their most senior executives as part of an industry-backed banking code published on the 9 September 2009. The code, drawn up by the Dutch bankers’ association and the finance ministry, will limit variable pay for executive board members to the same level as their annual salary, once it comes into effect in January 2010 However, it places no explicit limits on pay or bonuses for traders and investment bankers who do not sit on the board, instead calling for a 'meticulous, restrained and long-term remuneration policy' alongside measures to improve risk management and ensure senior bankers receive 'lifelong training'. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Netherlands |
