Asked by Katryna Rogerson on Jul 13, 2024
Verified
Public outcries about CEO pay have prompted government actions that are designed to increase the transparency and fairness of such pay. Which of the following required actions was not contained in the Dodd-Frank Act of 2010:
A) Independence for executive compensation committee members and compensation
Consultants.
B) Disclosure of the pay-for-performance components of executive compensation
C) Reporting of the ratio of CEO total compensation to the median of non-CEO
Total compensation.
D) Removal of after-the-fact clawback provisions, which require executives to repay any incentive compensation that was properly awarded based on financial restatements
E) None of these are contained in the Dodd-Frank Act of 2010
Dodd-Frank Act
United States federal law that places regulation of the financial industry in the government's hands to prevent financial crises.
Clawback Provisions
Agreements that allow companies to retrieve all or part of an employee's compensation under certain conditions, such as misconduct or performance failures.
CEO Pay
The compensation package, including salary, bonuses, and benefits, given to the Chief Executive Officer of a company.
- Identify specific regulatory impacts on executive and overall employee compensation.
Verified Answer
Learning Objectives
- Identify specific regulatory impacts on executive and overall employee compensation.
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