The SEC adopted a rule requiring exchanges to establish listing standards that require issuers to develop and implement a policy on clawing back compensation that was awarded erroneously based on incorrect financial statements.
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A technology company settled SEC charges for violating the FCPA by failing to prevent employees of multiple subsidiaries from engaging in schemes to bribe foreign officials.
An SEC final rule amending the disclosure rules on executive compensation under Regulation S-K will become effective on October 11, 2022.
An investment adviser settled SEC charges for conflicts of interest, material misstatements and omissions, supervision violations and reporting violations related to the adviser's activities with special purpose acquisition companies.
The SEC adopted amendments to disclosure rules on executive compensation. The amendments require most reporting companies to provide specific disclosure concerning the relationship between executive compensation "actually paid" to their named executive officers and the company's financial performance.