The Advisors' Blog

– Liz Dunshee

The annual “Corporate Governance & Executive Compensation Survey” of the 100 largest companies from Shearman & Sterling is always a “hot ticket” item, perhaps because it’s one of the oldest. Here’s a few key takeaways about clawback policies, from page 92:

– 88 of the Top 100 Companies expressly disclose that the maintain a financial-related clawback policy

– 45 of the clawback policies are triggered by a finding fraud or misconduct related to the financial statement – 40 don’t require fraud or misconduct

– 26 of the clawback policies use multiple trigger events