United States: Securities And Exchange Commission Proposes Rules Regarding Claw-Back Of Executive Compensation

Some five years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("the Act"), the Securities and Exchange Commission (SEC) continues to work through the rule-making process required by the Act. Today, as part of that effort, the SEC released proposed rules governing the claw-back by public companies of erroneously awarded compensation. If adopted, these rules will require each securities exchange or national securities association that lists securities to adopt listing standards in compliance with proposed Rule 10D-1 (the "Proposed Rule") of the Securities Exchange Act of 1934, as amended.

Last Updated: October 1 2015

Article by Brian DeFoe

Lane Powell PC

mondaq

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