Rationalizing the Dodd-Frank clawback

Jesse M. Fried

On July 1, 2015, the Securities and Exchange Commission (SEC) proposed an excess-pay clawback rule to implement the provisions of Section 954 of the Dodd-Frank Act. I explain why the SEC's proposed Dodd-Frank clawback, while reducing executives' incentives to misreport, is overbroad. The economy and investors would be better served by a more narrowly targeted “smart” excess-pay clawback that focuses on fewer issuers, executives, and compensation arrangements

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Year of publication:	09/2016
Authors:	Fried, Jesse M.
Publisher:	Cambridge, MA : Harvard Law School
Subject:	Executive pay \| Dodd Frank \| clawback \| excess pay \| securities regulation \| misreporting \| recovery \| erroneously awarded compensation \| restatement \| accounting \| financial reporting \| financial results \| manipulation \| Managervergütung \| Executive compensation \| Rechnungswesen \| Accounting \| Vergütungssystem \| Compensation system \| Prinzipal-Agent-Theorie \| Agency theory \| Finanzmarktregulierung \| Financial market regulation \| Leistungsanreiz \| Performance incentive \| Leistungsentgelt \| Performance pay \| Bilanzdelikt \| Accounting fraud \| Führungskräfte \| Managers

Extent:	1 Online-Ressource (circa 76 Seiten)
Series:	The Harvard John M. Olin discussion paper series. - Cambridge, Mass. : [Verlag nicht ermittelbar], ISSN 1936-5357, ZDB-ID 2551889-6. - Vol. no. 876 European Corporate Governance Institute (ECGI) - Law Working Paper ; No. 314/2016 ECGI working paper series in law. - Brussels : European Corporate Governance Institute, ZDB-ID 2880589-6. - Vol. 314 (May 2016)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.2139/ssrn.2764409 [DOI]
Classification:	G18 - Government Policy and Regulation ; G28 - Government Policy and Regulation ; G38 - Government Policy and Regulation ; K22 - Corporation and Securities Law ; M40 - Accounting and Auditing. General ; M52 - Compensation and Compensation Methods and Their Effects (stock options, fringe benefits, incentives, family support programs)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011578666