Examples of Risk Takers in a sentence
In order to ensure that the Remuneration parameters of Risk Takers in Control Units and the business units they monitor are not predominantly synchronized, the performance criteria and the weighting is different.
The 2023 Variable Compensation Rules for Material Risk Takers will be updated with an addendum and the relevant variable compensation plans will incorporate new claw back language beginning in 2024.
For the different categories of Risk Takers (Risk Takers Executive Board, Risk Takers n-1 (Control or non-Control Unit)) and Risk Takers other (Control or non-Control Unit), the performance measurement period, the deferral period and the level of deferral are appropriately aligned with the impact on the institution’s risk profile.
As all members of the Executive Board shall be identified as Risk Takers (see chapter 4.1), the regulations and Remuneration systems for Risk Takers set out in this Policy also apply to Members of the Executive Board as long as not stated otherwise.
An employee is deemed to be identified as Risk Taker especially if at least one of the qualitative and appropriate quantitative criteria on the identification of Risk Takers set out in § 25a (5b) KWG and the Regulation (EU) No 2021/923 in its applicable version is met.