These new programs represent a major broadening in the scope of clawback policies, but at least for publicly held companies, clawback mandates are not new. Since 2002, Section 304 of the ...

The US Department of Justice recently announced a compensation clawback pilot program as well as changes to the corporate compliance program evaluation criteria in the latest of a flurry of policy ...

Senator Elizabeth Warren, D-Mass., is leading a piece of bipartisan legislation that would give the Federal Deposit Insurance Corp. greater power to claw back compensation from failed bank executives ...

On March 3, 2023, Kenneth A. Polite, Jr., the Assistant Attorney General (“AAG”) of the Criminal Division of the U.S. Department of Justice (“DOJ”), announced the launch of the Division’s Pilot ...

A bipartisan group of senators has introduced a bill to give regulators the authority to claw back executive compensation after some bank officials made millions and received bonuses in the days and ...