On October 26, 2022, the SEC adopted its much-anticipated final clawback rules requiring U.S. listed issuers to: develop and implement a policy for the recovery of incentive-based compensation that is erroneously “received” by current and former executive officers during the three completed fiscal years immediately preceding the date that the issuer is required to prepare an accounting restatement (capturing both “Big R” and “Little R” restatements); andfile that policy as an annual report exhibit and…
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Recent
It’s been 12 years in the making, but the SEC has finally released rules to implement the “pay…
In welcome news, Delaware recently amended its General Corporation Law (DGCL) to increase flexibility for delegating share award…
The question of mid-offering period changes to employee stock purchase plans (ESPPs) has been coming up with unusual…
On December 15, 20211, the Securities and Exchange Commission (“SEC”) issued proposed rules that would significantly impact Rule…
On Nov. 29, 2021, the staff of the U.S. Securities and Exchange Commission (SEC)’s Office of the Chief…
There has recently been a great deal of interest in the grant of a profits interest. A profits…