Shocked Look at Computer Late Night at Work

On October 26, 2022, the SEC voted three to two to issue a final rule to complete mandates from the 2010 Dodd-Frank Act. New Rule 10D-1 addresses standards for exchange-listed companies for the recovery of erroneously awarded compensation to executive officers, known as a clawback policy. The executives covered are broad and include the issuer’s president; principal financial officer; principal accounting officer; any vice president in charge of a principal business unit, division, or function; and any other officer who performs policymaking functions. This article provides details.

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