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Financial Reform Bill Could Require Companies to Recover 'Excess' Incentive-Based Compensation from Executive Officers in Connection with a Restatement
McDermott Will & Emery May 20, 2010
Excerpt: The current version of U.S. Senator Christopher Dodd's financial reform bill contains a provision ... that would require companies that filed a restatement to recover incentive-based compensation from executive officers, even if no one engaged in any misconduct .... [T]he U.S. House of Representative's financial reform bill does not contain a similar provision, and thus the final adoption of Section 954 is not ensured.
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