Date of Graduation
5-2024
Document Type
Thesis
Degree Name
Bachelor of Science in Business Administration
Degree Level
Undergraduate
Department
Accounting
Advisor/Mentor
Wiebe, Zac
Abstract
Compensation clawback policies allow shareholders to recoup any incentive compensation that executives earn based on reported financial performance metrics that are subsequently determined to be misstated. They were introduced to encourage top executives to take increased responsibility for the financial statements, and to give shareholders increased security when designing compensation contracts for executives. Clawback policies have existed in several different forms for the past 20 years. In this study, I review the history of clawbacks, and discuss the enforcement (or lack thereof) of such provisions by regulators and corporations. The goal of my study is to further the understanding of the usefulness of clawback policies and whether they are the effective deterrent that Congress intended them to be.
Keywords
Compensation; Sarbanes Oxley Act; Dodd-Frank Act
Citation
Mackinnon, B. (2024). 20 Years in the Making: Do Executive Compensation Clawback Policies Have Claws?. Accounting Undergraduate Honors Theses Retrieved from https://scholarworks.uark.edu/acctuht/63
