December 7, 2010
Clawback Studies Are “In”
– Broc Romanek, CompensationStandards.com
Given the new importance on clawbacks due to Dodd-Frank, it’s not surprising that firms are conducting clawback studies (as they have been actually even before Dodd-Frank). Here is the latest clawback study from Frederic W. Cook & Co.
And Equilar’s latest study found that 82.1% of Fortune 100 companies have some kind of clawback policy – a major increase from 2006, when just 17.6% had one. The industry with the highest prevalence of clawback policies is the Financial, Insurance, and Real Estate, due to the mandatory clawback requirements of TARP. 90.5% of companies in that industry had a clawback policy in 2010, compared to 82.4% in 2009 and 50% in 2008.