The SEC issued 15 Compliance and Disclosure Interpretations ("CDIs") on February 10th, 2023, to clarify the new Pay Versus Performance rules, which were finalized on August 25, 2022.
Much has been written about the "Great Resignation" and its impact on the economy and society, leading to worker shortages.
On December 14, 2022, the Securities and Exchange Commission (SEC) released the final Rule 10b5-1 requirements for preplanned trading plans for officers, other insiders, directors, and companies to qualify for the "affirmative defense" rule for such plans (i.e., the stock transaction was not entered into based on material non-public information). The new rule applies to trading plans entered on or after February 27, 2023.
The Securities and Exchange Commission (SEC) published its final clawback rule in the Federal Register on November 28, 2022
On October 26, 2022, the Securities and Exchange Commission (SEC) adopted the final rule requiring that all listed companies adopt and disclose a clawback policy as required under Dodd-Frank.
We stated in the previous Viewpoints that we would supplement our commentary with follow-on analyses and insights regarding the disclosure rules, and this Viewpoint provides an example of both the required and allowed disclosure under the final rule.
