SEC Commissioner Peirce on Flaws in New Clawback Rules
Reynolds Holding
OCTOBER 27, 2022
After quoting from the Senate Banking Committee Report that the clawback provision “is required to apply to executive officers, a very limited number of employees, and is not required to apply to other employees,” [6] the Commission adopts an intentionally broad definition of “executive officer.” [7] 9, 2022), [link]. [5]
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