Compliance » Securities And Governance Update

Securities And Governance Update

October 14, 2015

Business people around table

Three recent developments at the SEC are detailed in an update from Drinker Biddle & Reath. The first is the SEC’s proposed new clawback rule. Formulated to implement a provision of the Dodd-Frank law, it requires disclosure of a company’s policy regarding recovery of incentive-based compensation following an erroneous financial statement. It’s more strict than comparable provisions under Sarbanes-Oxley, applying to any executive officer receiving incentive-based compensation, not just to CEOs and CFOs, and even in cases where there is no finding of executive misconduct. Also covered is the SEC’s final CEO pay ratio disclosure rule and the agency’s recent interpretative guidance that widens whistleblower retaliation protection.

Read full article at:

Daily Updates

Sign up for our free daily newsletter for the latest news and business legal developments.

Scroll to Top