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The final set of principles for remuneration policies is expected to be implemented by the institutions at the end of Q3 2009.
The scope of the principles covers remuneration policies applying throughout an organisation rather than focusing exclusively on executive pay or severance pay.
In particular it focuses on:
Ø alignment of company and individual objectives;
Ø transparency towards internal and external stakeholders;
Ø governance with respect to oversight and decision-making;
Ø performance measurement; and
Ø forms of remuneration.
CEBS will further consider implementation aspects of these guidelines in a Pillar 2 context in the coming months.