The FSB organized a workshop on 19 November 2012 to share experiences and lessons from the implementation of the FSB Principles and Standards for Sound Compensation Practices (Principles and Standards) by financial institutions. The workshop focused on three main areas: alignment of compensation with ex-ante risk taking; alignment of compensation with performance; and the identification of material risk takers. These areas had been identified in the progress report as posing technical challenges to full implementation of the Principles and Standards. Officials from FSB member organisations participating in the FSB Compensation Monitoring Contact Group and senior executives from global systemically important banks (G-SIBs) and from consulting firms were invited by the FSB to take part in the workshop.