The executive compensation clawback has been a popular mechanism for both the private and public sectors to recoup wrongly awarded executive pay based on erroneous financial statements. It had the potential to be a prominent corporate accountability tool in 2024 after the late 2023 deadline for public companies to adopt such policies, as mandated by the Dodd-Frank Act.
However, according to recent Bloomberg Law survey results, most companies aren’t implementing clawback rules even though the deadline has passed.
Attorneys Not Seeing Newly Set Clawback Policies
Bloomberg Law’s most recent State of Practice survey asked 275 attorneys if any of ...
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