On October 26, 2022, the US Securities and Exchange Commission (SEC) adopted new Rule 10D-1, directing national securities exchanges to establish listing standards that prohibit the listing of any security of a company that does not adopt and implement a written policy requiring the recovery, or “clawback,” of certain incentive-based executive compensation. Recovery under a clawback policy must be the amount of incentive compensation that is shown to have been paid in error, based on an accounting restatement that is necessary to correct a material error of a financial reporting requirement. This Legal Update provides further detail.
Téléchargements –
Compétences liées
Domaines d’intervention –
Actualités récentes
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janvier 222023
Amendments to Rule 10b5-1’s Defense to Insider Trading Liability & Related Disclosures
Harvard Law School Forum on Corporate Governance -
janvier 202023
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