trending Market Intelligence /marketintelligence/en/news-insights/trending/w6mMdsTsKCLO68Lo6yTtIw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Customers Bancorp adopts clawback policy for exec pay

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Customers Bancorp adopts clawback policy for exec pay

CustomersBancorp Inc., in a definitive proxy statement filed April 1, saidits board and compensation committee have adopted a clawback policy forexecutive compensation at the Wyomissing, Pa.-based company.

The change was triggered by the result of an earlieradvisory vote, with only 48% of shareholders voting in favor of the board'scompensation proposal.

Other changes include the establishment of a new peer group,the adoption of equity ownership requirements and the use of objectiveperformance criteria and target levels.