In this episode of The Consumer Finance Podcast, Chris Willis delves into the renewed focus on incentive compensation by federal financial regulators. Joined by colleagues Sheri Adler and Jina Davidovich from the Employee Benefits and Executive Compensation group, the discussion centers on the implications of Section 956 of the Dodd-Frank Act. The episode explores the historical context, proposed rule changes, and the potential impact on financial institutions and their employees. Key topics include the scope of covered institutions, specific requirements for senior executives and significant risk-takers, and the governance and compliance obligations that may arise if the rules are enacted.

Transcript: Transcript: Revisiting Financial Institution Incentive Compensation Rules Under Dodd-Frank (PDF)

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Photo of Sheri Adler Sheri Adler

Sheri advises boards, compensation committees, and companies on executive compensation matters. She designs and documents equity incentives, cash bonus arrangements, employee stock purchase plans, and deferred compensation plans. Sheri also negotiates individual contractual arrangements with C-suite executives, including employment, retention, change in control…

Sheri advises boards, compensation committees, and companies on executive compensation matters. She designs and documents equity incentives, cash bonus arrangements, employee stock purchase plans, and deferred compensation plans. Sheri also negotiates individual contractual arrangements with C-suite executives, including employment, retention, change in control, severance, and separation agreements.

Photo of Jina Davidovich Jina Davidovich

Jina advises public and private companies and financial sponsors on all aspects of employment, benefits, and compensation matters. She negotiates and drafts compensation, benefits, and employment agreements, and assists clients on the executive compensation and benefits issues arising in the context of mergers…

Jina advises public and private companies and financial sponsors on all aspects of employment, benefits, and compensation matters. She negotiates and drafts compensation, benefits, and employment agreements, and assists clients on the executive compensation and benefits issues arising in the context of mergers, acquisitions, spin-offs, initial public offerings, and other corporate transactions.

Photo of Chris Willis Chris Willis

Chris is the co-leader of the Consumer Financial Services Regulatory practice at the firm. He advises financial services institutions facing state and federal government investigations and examinations, counseling them on compliance issues including UDAP/UDAAP, credit reporting, debt collection, and fair lending, and defending…

Chris is the co-leader of the Consumer Financial Services Regulatory practice at the firm. He advises financial services institutions facing state and federal government investigations and examinations, counseling them on compliance issues including UDAP/UDAAP, credit reporting, debt collection, and fair lending, and defending them in individual and class action lawsuits brought by consumers and enforcement actions brought by government agencies.