by Daniel Costello

Goldman Sachs Group Inc. unveiled compensation changes Thursday in the wake of pressure from some shareholders of the investment bank. Shareholders will get future advisory votes on pay.

The firm's 30-member management committee will receive bonuses in the form of shares that cannot be sold for five years, Goldman Sachs said in a statement.

The holding period includes a provision that will permit the firm to recover the shares "in cases where the employee engaged in materially improper risk analysis or failed sufficiently to raise concerns about risks," the company said.