Updated: Thursday, November 5th, 2009

The Robert H. Smith School of Business at the University of Maryland has announced the opening of its new Center for Financial Policy.

The center will offer resources on the policy issues raised by financial institutions and markets as well as public companies.

Using these resources, the school aims to provide policy makers with unbiased information that will help them steer and influence the standards of the financial sector.

To launch the center's opening, the school hosted a roundtable discussion in Washington, DC titled Executive Compensation - Practices and Reform, which drew more than 200 attendees.

At the event, Kenneth Feinberg, the US Department of Treasury's special master of compensation explained the reasoning behind executive compensation packages among companies that received bailout funding.

Lemma Senbert, the Center for Financial Policy's director, said the center intends to address "the need for a broader, interdisciplinary perspective to addressing financial policy and corporate governance issues."

Keeping abreast of financial policies by attaining associates, bachelors or masters degrees in business will help current and prospective professionals obtain managerial positions. The demand for financial managers, whose annual median earnings were $90,970 in May 2006, is expected to increase by 13 percent over the next seven years.

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