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1. Mentioned In 17 Articles
2. Why Executive Compensation Clawbacks Don’t Work
  
  Explore Harvard Business Review Mar 23 2021 BoardBlogs
  
  The executive pay clawback, an idea that had its debut during the discussion around the passage of the Sarbanes-Oxley Act in 2002, has become an increasingly common provision in executive compensation packages...
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  Mentions: clawbacks stock options Executive Pay
3. Eli Lilly Doesn’t Plan to Claw Back Past Pay From Former CFO
  
  Explore wsj.com Feb 10 2021 BoardNews
  
  ...y, its proxy statement showed. More than half of the 100 largest U.S. companies in 2020 had a policy allowing clawbacks in cases of fraud or misconduct, according to a survey published in September by Shearman & Sterling...
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  Mentions: CFO clawbacks Jeff Immelt
4. Goldman’s Gary Cohn Saga Thrusts Clawback Shortcomings into Spotlight
  
  Explore The Edge Markets Dec 18 2020 BoardBlogs
  
  ...o have resolved the matter. A spokeswoman declined to comment further. Aside from a criminal conviction, most clawbacks include broad legal definitions of wrongdoing such as oversight lapses, policy violations or harm do...
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  Mentions: Delaware Goldman Sachs clawbacks
5. Ex-Goldman Sachs President Cohn Has Not Returned Pay After 1MDB Clawbacks: Bloomberg News
  
  Explore reuters.com Dec 3 2020 BoardNews
  
  (Reuters) - Goldman Sachs has failed to persuade former president Gary Cohn to return over $10 million he received in pay, as part of the banks effort to reclaim executive compensation over the 1MDB scandal, Bloomberg News reported on Wednesday...
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6. Goldman Sachs Board Demands Accountability with Widespread 1MDB Clawbacks
  
  Explore Compliance Week Oct 29 2020 BoardBlogs
  
  In the aftermath of agreeing to pay $2.9 billion to settle the 1MDB scandal, the Goldman Sachs Group announced it will attempt to claw back approximately $174 million from a dozen current and former executivesone of the largest clawback attempts ever...
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7. Compensation Clawbacks: Trends and Lessons Learned
  
  Explore Legal News, Lawyers, Law Firms Oct 21 2020 BoardBlogs
  
  ...ted clawback policies in response to pressures from proxy advisory firms or investors or out of a belief that clawbacks are part of good governance. There has been a notable trend in these voluntarily-adopted compensatio...
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8. Ex CEO Says McDonald's Is Suing in Wrong State to Strip his Pay
  
  Explore India News Aug 16 2020 BoardNews
  
  (Bloomberg) -- McDonalds Corp.s former Chief Executive Officer Steve Easterbrook fired back at his former company for suing to clawback tens of millions of dollars in compensation, denying company claims he covered up sexual relationships with subordinates...
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  Mentions: clawbacks lawsuit Bloomberg
9. Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct
  
  Explore wsj.com Aug 14 2020 BoardNews
  
  ...in incentive compensation is tied to the restatement. A provision in U.S. law authorizes the SEC to seek such clawbacks when material accounting errors are caused by misconduct....
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  Mentions: clawbacks stock options Allegations
10. Recent Director and Executive Compensation Lawsuits Heighten Need for Robust Corporate Governance
  
  Explore National Law Review Oct 23 2019 BoardBlogs
  
  ...urrent lawsuit) or other negative company culture issues would play out. Many companies already are expanding clawbacks beyond the minimum financial restatement trigger required under applicable law to also cover other c...
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11. 2019 Proxy Season Review
  
  Explore corpgov.law.harvard.edu Jul 26 2019 BoardBlogs
  
  ...d to 36.4% in 2018). Whereas no compensation-related proposals passed in 2018, two proposals (both related to clawbacks) passed in 2019. Compensation-related proposals are discussed in more detail in Section F. The focus...
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12. The Most Overpaid CEOs: Are Fund Managers Asleep at The Wheel?
  
  Explore corpgov.law.harvard.edu Mar 30 2019 BoardBlogs
  
  ...les notes that the plans are looked at holistically, with factors ranging from stock ownership guidelines and clawbacks also considered. The AllianzGl Global Proxy Voting Guidelines provide detailed information on the fu...
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  Mentions: Dodd-Frank Investment Management
13. A Decade After the Crisis, the SEC Still Hasn’t Passed Executive Compensation Rules
  
  Explore MarketWatch Sep 10 2018 BoardBlogs
  
  ...ding longer deferment periods for incentive bonuses and an extension of time payouts are subject to potential clawbacks. The Dodd-Frank rule that would curb excessive incentive bonuses at banks is intended to prohibit a ...
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14. Naspers Says it Has Made Changes to its Remuneration Policy
  
  Explore 4-traders : one website, all markets Jun 26 2018 BoardNews
  
  ...t are of much lower tenure& quot;There will also be a number of structural changes in our compensation around clawbacks and holding requirements,& he said. These changes would be included in the group’s remuneration repo...
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15. BlackRock Publishes Updated Proxy Voting Guidelines
  
  Explore Legal News, Lawyers, Law Firms Feb 23 2018 BoardNews
  
  ... basis via a management proposal on the company's proxy." In addition to supporting shareholder proposals for clawbacks from any senior executive whose compensation was based on faulty financial reporting or deceptive bu...
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  Mentions: Investment Management State Street
16. In Wells Fargo's Board `Refreshment,' There Are No Spa Treatments
  
  Explore Stock Market Today Feb 6 2018 BoardBlogs
  
  ...merged about the bank's overly aggressive sales practices. Executives, traders and bankers can be subject to "clawbacks" - essentially a revocation of prior years' pay - if their activities result in financial harm to th...
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  Mentions: Delaware Buffalo Wild Wings clawbacks
17. Corporate Law & Governance Update: October 2017
  
  Explore National Law Review Oct 5 2017 BoardBlogs
  
  ...uifax may prove to be another situation in which the board applied accountability through the application of “clawbacks” and other forms of compensation disgorgement. The board, as well as the audit and compliance commit...
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  Mentions: National Association of Corporate Directors Twitter Equifax
18. Senators Press SEC Chairman on Dodd-Frank Clawbacks, But Equifax Execs Ineligible
  
  Explore Stock Market Sep 26 2017 BoardNews
  
  The proposed Dodd-Frank clawback rule and the Sarbanes-Oxley clawback require a material financial restatement, which isnt going to happen at Equifax...
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