Ing Remuneration

UNIVERSITEIT VAN AMSTERDAM - DECEMBER 2010 PROPOSALchief operating(a) officer pay PACKAGE ING BANK| Authors: Jasper Dijkstra (5876362) Ruben cutting edge de Geer (5836646) Sander Schwanen (1234567) shape: Economics for Organization and Management 1 1.Introduction In this communicate we propose for a remuneration piece of ground for the chief operating officer of ING desire. This proposition is written for the Remuneration Committee of ING multitude NV (ING). We give the committee with a well considered compensation package in which the stakeholders, the CEO and the regulations are taken into account. To propose for a compensation package, we leave aloneing first outline the current and anticipate undermentioned state of the bank in this business strip. We will question to which regulations and principles we will be subject to. In the next character we conduct a benchmark appraisal in which we resume comparable compensation schemes of other(a ) companies. On the undercoat of this assessment we propose for a base salary. In the subsist department we discuss the structure of the remuneration package in equipment casualty of long and short-term variable pay. 2.The business case ING is one of the largest fiscal services postrs based in the Netherlands.

The pecuniary services they provide include retail and commercial banking, investments, aliveness insurance and seclusion services to a global market. As per January 1, 2011 ING separates the group into both components: banking operations and insurance operations. After the separation, these 2 com ponents will be two stand alone companies, s! o they dont have anything to do with each other anymore. This new view demands a tailor made compensation package for the CEO of ING Bank to assure that the incentives of the CEO will be adjust with those of ING Bank as an organization. Currently ING Bank is recovering from the atrocious financial and economic downturn. In the third quarter of 2010, kindle result (interest income minus interest expense) grew with 8% compared with the third...If you want to disembowel a full essay, order it on our website: OrderCustomPaper.com

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