Culture not crisis: three key pieces of FCA remuneration advice
The FCA has looked at financial services firms’ remuneration policies and has encouraged a continued focus on culture rather than crisis, Financial Services Faculty commissioning editor Brian Cantwell writes.
The unpredictable influence of the coronavirus pandemic initially caused many CEOs to forego or reduce their salaries once the scale of the lockdown and furlough schemes became apparent.
With most of the financial services industry working from home, and many of the wider population furloughed to help reduce the spread of the disease, many businesses have started to consider their costs and overheads as offices sit empty and revenues are disrupted.
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