Marc Treviño Comments on the SEC’s New Clawback Rule in AgendaNovember 1, 2022
Marc Treviño, co-head of Sullivan & Cromwell's Corporate Governance practice, commented in an article in Agenda on the Securities and Exchange Commission's new clawback rule. The rule, which requires companies to recover erroneously awarded incentive-based compensation after making a financial restatement, could also change compensation structures.
Marc noted that the new rule is a big change. “We don't really have any mandatory clawbacks outside of what was in Sarbanes-Oxley, and that really applies in very limited circumstances.”
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