January 12, 2022
Reuters – Like it or Not, Dodd-Frank Clawback Rule Coming
The SEC under the leadership of Chair Gary Gensler is expected to move forward with unfinished Dodd-Frank executive compensation rules, including so-called clawback rules.
“The Biden administration probably believes that this is the least invasive and probably shareholder-friendly adoption of the proposal that they can make, given that many companies have already put in clawback provisions within their programs, kind of knowing that this was a portion of Dodd-Frank,” Farient Advisors’s Partner and COO R.J. Bannister said in an interview. “We think sometime by year-end that they do come up with some type of adoption of a rule for consideration for ’23.”