????三年前，美國聯邦存款保險公司（FDIC）曾建議向那些實施高風險薪酬方案的銀行收取更高的FDIC保費，這項曾經被寄予厚望的監管建議目前基本上仍然處于擱置狀態。“美國聯邦存款保險公司正在和其他金融監管機構一起，根據多德-弗蘭克（Dodd-Frank Act）法案第956款繼續推動激勵薪酬條例的制定，然后再考慮和評估其他行動，”FDIC發言人在一份電子郵件中寫道。

????董事會薪酬委員會不應僅僅只看數字（不管是利潤，還是鞋碼）就決定高管薪酬，毫不考慮這些數字是否真的反映業績表現。他們也不該將頭埋在沙子里，只顧向高管們支付股票、債券或利率掉期，毫不考慮這種做法可能會給高管們的動機帶來怎樣的影響。

????薪酬委員會們還應該對高管實施獎金延遲計劃，確保高管們拿到的薪酬理所應得。假如摩根大通董事會曾認真考慮績效薪酬，他們可能早已制定了獎金延遲計劃，不會過早地發放數百萬美元。時至今日，摩根大通董事會是否已經開始認真對待這個問題，年底就會見分曉：只要看看到了年底他們會不會因為CIO交易損失削減CEO杰米·戴蒙的獎金，同時就高風險利潤和眾多訴訟案（包括任何Libor成本）對其發出警告的話。但別抱太大希望。

????難道要獎勵欺詐和損害行為？我們真的很難把這樣的行為與理性商業判斷聯系起來。

????本文作者埃莉諾?布洛斯漢姆是董事會咨詢公司The Value Alliance and Corporate Governance Alliance（http://thevaluealliance.com）的首席執行官。

????譯者：早稻米

????One regulatory hope, an FDIC idea proposed almost three years ago to charge higher FDIC premiums to banks with?risky?compensation?schemes, is essentially on hold. "The FDIC, along with other financial regulators, is continuing to work on an incentive compensation rulemaking under section 956 of the Dodd-Frank Act before considering and evaluating other action," an FDIC spokesperson said in an email.

????Board compensation committees shouldn't determine executive pay based on any number -- be it earnings or shoe size – without examining what those figures really say about performance. Nor should they stick their heads in the sand and pay executives with stocks, bonds or interest rate swaps without considering how this may affect executives' motivations.

????Compensation committees should also implement bonus deferral programs for those at the top, to ensure executives have rightfully earned their pay. If JP Morgan's board were serious about pay for performance, they'd have instituted bonus deferrals instead of shelling out millions way too soon. We'll know whether that board is serious if at year-end they not only claw back CEO Jamie Dimon's bonus for the losses on the CIO trades, but also ding him for generating risky earnings and a staggering litigation backlog (including any Libor costs). But don't hold your breath.

????Paying bonuses for fraud and harm?? It's hard to see how that comports with reasonable business judgment.

????Eleanor Bloxham is CEO of The Value Alliance and Corporate Governance Alliance (http://thevaluealliance.com), a board advisory firm.