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MIL-OSI USA: Statement on Final Rules Regarding Clawbacks of Erroneously Awarded Compensation

MIL-OSI USA: Statement on Final Rules Regarding Clawbacks of Erroneously Awarded Compensation
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Statement On The Final Rule Related To Listing Standards For Recovery Of Erroneously Awarded Compensation, SEC Commissioner Mark T. Uyeda Oct. 26, 2022

<p><span>Today, the Commission is voting on a recommendation to adopt rules implementing Section 954 of the Dodd-Frank Act (“Section 954”) by directing the exchanges to establish listing standards for the recovery of compensation erroneously awarded to management, generally referred to as “clawbacks.”</span><span> I have several objections to how the Commission is implementing Section 954.</span></p> ....

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Statement On Rules Regarding Clawbacks Of Erroneously Awarded Compensation, SEC Chair Gary Gensler, Oct. 14, 2021

<p><span>I support today’s action to re-open comment on the Dodd-Frank Act rule regarding clawbacks of erroneously awarded incentive-based compensation. I believe we have an opportunity to strengthen the transparency and quality of corporate financial statements as well as the accountability of corporate executives to their investors.</span></p> <div><span><br /></span></div> ....

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