[보험사 성과급 재편]⑦ 현대해상, 일시적 주식보다 '이연'에 무게

Hyundai Marine's deferred compensation model—paying 60-80% of executive bonuses over 3-4 years at future stock prices—discourages short-term profit-chasing and reinforces long-term value creation, addressing a critical challenge in the insurance industry where risks materialize over extended periods. By avoiding direct stock grants and emphasizing risk management metrics (K-ICS, solvency ratios), the company positions compensation strategy as a governance tool that balances profitability with financial stability. This measured approach contrasts with industry peers adopting immediate stock compensation, reflecting differing philosophies on how incentives should shape executive decision-making.