A Tale of Two Clawbacks: The Compensation Consequences of Misstated Financials

July 2010
Venulex Legal Summaries;2010 Q3, Special section p1
The article discusses what public companies need to know about how section 304 of the Sarbanes-Oxley (SOX) Act of 2002 and Dodd-Frank 954 clawback provisions operate, both individually and together. It highlights the use of SOX 304 clawback against uncharged chief executive officers and chief financial officers. It discusses the uncertainty in interpreting Dodd-Frank 954. According to the author, SOX 304 and Dodd-Frank 954 co-exist.


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