13.10.2011 : Rules on remuneration policy for financial undertakings

The Financial Supervisory Authority in Iceland published rules on remuneration policy for financial undertakings on 30 June 2011. The rules apply limits on variable remuneration. According to the rules, the aggregate of variable remuneration including deferred payments, which is granted to an employee per annum, shall not amount to more than 25% of the annual salary of the employee in question, exclusive of variable remuneration.




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