14.1 Performance and risk measurement process

The variable remuneration of identified staff should be aligned to all risks and the performance of the investment firm, the business unit and the individual. The relative importance of each level of the performance criteria should be determined beforehand in the remuneration policies and adequately balanced to take into account the objectives at each level, the position or responsibilities held by the staff member, the business unit he or she is active in and current and future risks.