Firms Should Prepare for SEC Clawback Rules: Experts
Howard Berkenblit was quoted in the article, "Firms Should Prepare for SEC Clawback Rules: Experts," published by Business Insurance.
The article discusses how companies should start now to work on introducing, or revising, their clawback policies in light of complex rules issued last month by the U.S. Securities and Exchange Commission.
Howard said that while it will require some work to revise existing policies or to implement new ones, "this is not terribly burdensome on companies." The hard part comes if there has to be a restatement, “but I think that will be infrequent for most companies,” he added.