Updated 02.01.2010


Summary: Under InvesGuard's data model, Zions Bancorporation scores well on its Internal Control Environment. It needs to provide better disclosures on its Social and Environmental front. A few deficiencies are present in its Board of Directors and Senior Management section.


At Zions, during 2008 retention payments close to half a million dollars were made under a contractual agreement to one of its senior employees.Ironically, the same employee resigned within the next one year thus rendering this "retention" payment useless in terms of its effectiveness. Although Zions scores fairly well on its Internal Control Environment, one of its components, namely the experience and qualifications of Audit Committee members needsparticularly focus. Also, Zion scores extremely poorly on its social and environmental section with zero key disclosures and poor reporting in this area.


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Detailed Scorecard


Board Size: 10

Board of Directors Compensation($): $35,000- Annual retainer;stock options- Option to purchase shares equal to $70,000 divided by the Black-Scholes estimated option value on the date of grant, rounded to the nearest 100.

Total Carbon Emissions(metric tons): 2008- not known; 2007- not known

Amount received in Government Bailout($): $1.4 Billion (on 11/14/2008)

Amount received in Government Bailout repaid($): No

Total CEO compensation for 2008($): $1,718,055

Chief Risk Officer: None. Dean Marotta acts as the EVP of Risk Management.

Changes in Chief Risk Officer over the past 2 years**: Not Known

Tenure of Chief Risk Officer in this position: Not known

** Why do we look at Changes in Chief Risk Officers; Companies, where we observe quick changes to senior risk positions (in case of companies in the finance industry) are high on our watchlist.