The Ninth Circuit recently held that Section 304 of the Sarbanes-Oxley Act (SOX 304) allows for a clawback of certain CEO and CFO compensation regardless of whether the clawback was triggered by the personal misconduct of...more
Last month, consistent with their obligation under the Dodd-Frank Act, several federal agencies released for comment a joint proposed rule that would prohibit any incentive compensation that encourages inappropriate risk...more
6/6/2016
/ Board of Directors ,
Clawbacks ,
Corporate Governance ,
Covered Financial Institutions ,
Dodd-Frank ,
Financial Institutions ,
Forfeiture ,
Incentive Compensation ,
Proposed Regulation ,
Recordkeeping Requirements ,
Risk Management
It’s been over five years since the signing of the Dodd-Frank Wall Street Reform and Consumer Act (“Dodd-Frank”) and we are still waiting for the U.S. Securities and Exchange Commission to finalize rules on several provisions...more