U.S. Securities and Exchange Commission seal in Washington. Photo: Diego M. Radzinschi/ALM SEC's Clawback Rule Goes Into Effect as Agency Cracks Down on Financial Errors
Publicly traded companies have until Dec. 1` to have policies in place to recover incentive-based executive compensation paid due to a financial reporting error.
October 03, 2023 at 05:31 PM
3 minute read
Regulation
The U.S. Securities and Exchange Commission's mandatory clawback rule went into effect Monday, providing for the recovery of incentive-based compensation erroneously paid to current and former executives at publicly traded companies due to financial reporting errors.
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