CBRC: 40% of bank executives ' performance pay must be postponed for 3 years

Yesterday morning, the reporter learned from the China Banking Regulatory Commission, the attention of the "commercial banks prudent pay supervision guidelines" has been officially released.　　The guideline stipulates that the main principals of commercial banks shall not pay more than 3 times times their basic remuneration, and that more than 40% of the executive performance pay should be deferred payment, with a period of not less than 3 years. According to Yang Jiacai, a director of CBRC supervision, the senior managers of commercial banks and the employees who have important influence on the risk should adopt the way of deferred payment for more than 40% of the performance pay, and the deferred payment period is usually not less than 3 years, among which the deferred payment proportion of the main senior managers ' performance compensation should be higher than 50%.　　Conditional should strive to reach 60%. If the commercial bank executives and related employees cause significant losses during the stipulated period, the Commercial bank shall have the right to recover all the performance compensation that has been paid within the corresponding period, and the unpaid part shall stop paying.　　This provision also applies to persons who are separated. After the global financial crisis, the issue of executive pay has been criticized. For the financial state-owned enterprises in charge of the management of the executive, the Ministry of Finance has issued the relevant units of the financial state and state-controlled enterprises in charge of the Compensation management measures (draft), the provision of pre-tax income of 2.8 million yuan as a salary ceiling. However, according to the annual salary level of the financial central Enterprises in 2008, they are below the stipulated limit of 2 million yuan. According to Beijing Evening News