An Executive’s Guide to Defeating the SOX 304 Clawback (Part I)
Recent investigations and scandals have directed attention to the behavior of individual corporate executives. The common reaction to misconduct is to look to the people at the top; like it or not, corporate management is expected to accept responsibility and make appropriate amends if something goes wrong. Making amends may include paying back any incentive-based bonuses or profits from stock sales that benefitted from inflated financial reporting.
This article was originally published in Bloomberg BNA