Compensation Clawbacks: New Approaches for Boards
Although the vast majority of companies (more than 90% of the S&P 500) have clawback policies in place, most boards have taken a minimalist approach until the SEC issues final rules under Dodd-Frank.
However, over the last several years, the environment for executive compensation has continued to evolve. And 2018 saw a number of high-profile scandals and C-suite departures for misconduct – in some cases without established mechanisms for the recoupment of pay.
Join Semler Brossy’s Mark Emanuel, as well as Corporate Board Member and Latham & Watkins, for a discussion on the various market forces shaping compensation clawback policies, including:
- Glass Lewis’s revised approach for evaluating issuers’ clawback policies in the 2019 proxy season
- Institutional investors’ proactive role in shaping the governance of pay, including substantial changes to definitions of when pay should be recouped
- The SEC’s expected movement on the outstanding Dodd-Frank clawback rule
- Leading-edge clawback philosophies and policies being implemented by companies in the wake of 2018 scandals
View the recorded video of the webinar.