What are the practical and hidden implications of the new APRA remuneration standard CPS 511?
The proposed APRA executive remuneration standard, CPS 511, aims to ensure that remuneration arrangements in the financial services effectively manage both financial and non-financial risks. The key requirements of the draft standard are as follows: The Board of an APRA-regulated entity is responsible for the remuneration framework and its effective application. An entity must have […]
