SEC Eyes Broadened ‘Clawback’ Restrictions – WSJ

The Wall Street Journal reports that the SEC plans to vote on new executive compensation rules including clawback provisions required by Dodd-Frank on July 1, 2015.

The coming rules may include requirements that certain employees at financial firms hand back bonuses for egregious blunders or fraud, The Wall Street Journal reported earlier this year…“It’ll certainly be a step in the right direction, we just don’t know how big a step,” said Nell Minow, vice chairman of ValueEdge Advisors, which promotes good corporate-governance practices and shareholder rights.

via SEC Eyes Broadened ‘Clawback’ Restrictions – WSJ.