Recent
legislation, SEC enforcement actions and Board compensation committee
initiatives have put at risk the compensation of CEOs, CFOs and other
senior executives of public companies. Bonuses and stock sale proceeds
are now subject to "clawbacks" in the event of material errors in
financial statements, under the Sarbanes Oxley and Dodd-Frank statutes.
The SEC has begun a series of aggressive enforcement actions seeking "no
fault" clawbacks from executives not alleged to have done anything
wrong. Many compensation committees of Boards of Directors have
implemented "voluntary" clawback provisions for executives. And,
Dodd-Frank requires compensation committees to adopt "self-executing"
clawback rules, which will be the subject of forthcoming SEC
regulations.
These
and other recent developments with executive clawbacks will be
discussed by a panel of highly qualified experts, including:
- The securities litigator who defended the SEC's first "no fault" clawback case.
- A leading compensation consultant who advises the Boards of many Fortune 500 companies on compliance with these evolving clawback requirements.
- An experienced compensation lawyer who negotiates compensation agreements for executives and their employers.
Wednesday, January 23, 2013
11:00 a.m. PST/ 2:00 p.m. EST
11:00 a.m. PST/ 2:00 p.m. EST
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