Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Oct 12, 2015

Doreen Lilienfeld quoted in The Wall Street Journal’s CFO Journal

Doreen Lilienfeld, head of Shearman & Sterling’s Compensation, Governance & ERISA practice, spoke with The Wall Street Journal about the proposed SEC rules to implement Section 954 of the Dodd-Frank Act.  The proposed rules would require all public companies to implement clawbacks of incentive-based compensation for a wider range of corporate executives in the event of an accounting error.  As discussed in Shearman & Sterling’s 2015 Corporate Governance and Executive Compensation Survey, while many companies voluntarily maintain clawback policies, almost all would need to rewrite their policies in order to comply with the new rules under Dodd-Frank.

View Shearman & Sterling’s 2015 Corporate Governance and Executive Compensation Survey

View The Wall Street Journal article “SEC Readies Clawback Rules for Punishing Bad Accounting”  (subscription required)