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Employment Legal Alert: Bonus schemes in 2009

13 November 2008
Mayer Brown Newsletter
13 November 2008 - In the current economic climate, there is growing pressure on employers to review the bonus schemes they operate and, in many cases, to make changes. Earlier this month, the FSA wrote to the CEOs of some of the country’s largest banks and building societies, setting out its concerns and recommendations for good practice with regard to remuneration policies. The FSA has made clear that it is not just targeting the boardroom, but all executives who are incentivised through bonuses.
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