February 28, 2019 Executive Compensation Executive & Director Pay Design Articles

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Executive & Director Pay Design

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.

Mark Emanuel

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