On July 1, 2015, the Securities and Exchange Commission (SEC) proposed an excess-pay clawback rule to implement the provisions of Section 954 of the Dodd-Frank Act. I explain why the SEC's proposed Dodd-Frank clawback, while reducing executives'...
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ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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On July 1, 2015, the Securities and Exchange Commission (SEC) proposed an excess-pay clawback rule to implement the provisions of Section 954 of the Dodd-Frank Act. I explain why the SEC's proposed Dodd-Frank clawback, while reducing executives' incentives to misreport, is overbroad. The economy and investors would be better served by a more narrowly targeted “smart” excess-pay clawback that focuses on fewer issuers, executives, and compensation arrangements
Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 876
European Corporate Governance Institute (ECGI) - Law Working Paper ; No. 314/2016
ECGI working paper series in law ; 314 (May 2016)
