Pursuant to § 3 of the Remuneration Ordinance for Institutions, a compensation scheme is adequate if – incentives for management and employees to take disproportionately high risks are avoided and – the compensation scheme does not conflict with the monitoring function of the control units. – See bonus system, insurance compensation regulations. – Cf. BaFin Annual Report 2013, p. 72 f. (new statutory requirements for compensation systems since the beginning of 2014), p. 106 (deficiencies discovered during the audit of compensation systems).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/