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Loan Modification

: Mortgage Lender Implode-o-Meter

US companies act on pay clawback rules

By Implode-Explode Heavy Industries

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``Of the 100 largest public companies, a record 71 now operate a clawback policy through which they can reclaim senior management?s compensation under certain circumstances, an annual survey by Shearman & Sterling, a law firm, has found... The Dodd-Frank financial reform act, signed into law by President Obama last month, requires all public companies to implement a mandatory clawback system where there is an accounting restatement, whether or not fraud or misconduct is a factor.''

Full post as published by Mortgage Lender Implode-o-Meter on August 14, 2010 (boomark / email).

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