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Board compensations and the new regulation of the Bank of Italy

Author

Listed:
  • Michele S. Desario

    (Università della Tuscia)

Abstract

The financial crisis has highlighted the issue of compensation of managing directors. In Italy, the Central Bank has taken action to avoid banks’ crises in deep contrast with the high level of managers’ compensations. With specific rules the Bank of Italy has granted to the shareholders’ meeting the power to determine these compensations.

Suggested Citation

  • Michele S. Desario, 2009. "Board compensations and the new regulation of the Bank of Italy," BANCARIA, Bancaria Editrice, vol. 10, pages 80-83, October.
    • Handle: RePEc:ban:bancar:v:10:y:2009:m:october:p:80-83
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1968/bancaria-n-10-2009
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    More about this item

    Keywords

    crisi finanziaria; banche; compensi amministratori;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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