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Compensation Clawback Oversight & Implementation Tips

By Randi Morrison posted 09-03-2024 05:57 PM

  

In “How boards should implement the SEC’s clawback rule” (Governance Intelligence), Aon’s Jane Storero, a corporate governance consultant in the firm’s executive and board advisory practice group, advises boards to—among other things—adopt an internal clawback implementation plan that details the action steps, sequencing of events, involvement of internal and external parties, timing, and desired documentation and deliverables to effect a mandatory clawback prompted by a restatement pursuant to the SEC’s new clawback rule. As suggested in the article, numerous boards have already tasked their Compensation Committee with oversight of the company’s clawback policy and have amended their committee charters accordingly.

Access additional resources on our Clawbacks page.

                      This content first appeared in the Society Alert!

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