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A new SEC rule requires companies to analyze if their accounting errors are big enough to make top brass pay back their bonuses. Few companies have actually done so. https://t.co/AtNnVzRkMq
A new @SECGov rule requires companies to analyze if their accounting errors are big enough to make top brass pay back their bonuses. Few companies have actually done so.https://t.co/pdSsHoVwCS
New piece from @nicola_m_white about the recent SEC clawback rule, with my analysis cited! Companies are not rushing to invoke clawbacks after restatements: https://t.co/rOqdZOjlM7
The Securities and Exchange Commission (SEC) has introduced a new rule requiring companies to assess whether their accounting errors are significant enough to warrant executives returning their bonuses. Despite this mandate, few companies have taken action to enforce such clawbacks. This situation has prompted some companies to implement their own clawback policies that exceed the SEC's requirements. Erin Connors highlights this unusual scenario, noting that the slow adoption of the SEC's rule has led to a diverse range of corporate responses.
