Charles T. Haag

Mar 8, 2024 | mondaq.com | David A. Sakowitz |Joe Adams |Charles T. Haag |Marissa R. Sims

As discussed in prior blog posts,1 on June 9, 2023, the Securities and Exchange Commission (the SEC) approved listing standards promulgated by the New York Stock Exchange (NYSE) and Nasdaq Stock Market (Nasdaq) regarding the recovery of erroneously awarded incentive-based compensation,2referred to as “clawbacks.” These rules were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.