Enforcing Performance-Related Compensation Clawbacks with Former Leaders
When financial restatements trigger mandatory SEC executive compensation clawbacks, communicating the repayment demand requires legal precision.
Amit KasliwalCEO & Founder, Dehurdle
March 09, 20244 min read
The Governance Clawback Script
Recommended Spoken Script
"Pursuant to our corporate Compensation Clawback Policy and Section 10D of the Securities Exchange Act following the Q2 revenue restatement, the Board is legally obligated to recover the excess incentive compensation paid. We have provided the forensic accounting reconciliation and repayment schedule for your signature."
The 2-Minute Practice Drill
2-Minute Spoken Drill
The 2-Minute Practice Drill
Practice executive compensation discussions in Dehurdle.