In The Press October 25, 2021

SEC Executive Pay Clawback Rule Primed for ‘Significant Opposition’ (Compliance Week)

The Securities and Exchange Commission (SEC) is poised to pass an executive compensation rule that would require public companies to claw back incentive-based compensation if their finances are restated within the previous three years. New SEC Chair Gary Gensler has publicly committed to seeing through these outstanding rules. Goodwin partner and Public Company Advisory practice chair Sean Donahue stated that his main takeaway is that the SEC is focused on executive compensation, and they want to strengthen the rules around it. Read the Compliance Week article here.