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An Executive’s Guide to Defeating the SOX 304 Clawback (Part I)
March 27, 2017
By Michael Spafford, Neil Torpey, Amy Carpenter-Holmes & Joanne Joseph
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
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