Clawbacks gain favor among top companies, Wall Street

04/19/2010 | CFOZone.com

An increasing number of Fortune 100 companies and Wall Street firms are instituting clawback provisions that go beyond the requirements of the Sarbanes-Oxley Act, writes Stephen Taub. The policies, which address executive performance and unethical or risky behavior resulting in a restatement, allow companies to recoup incentive compensation, cancel equity awards and take disciplinary action against the offending top executives.

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