The "clawbacks" provision in the _____ allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.
A) Sarbanes-Oxley Act
B) Dodds-Frank Act
C) Lilly Ledbetter Fair Pay Act
D) Walsh-Healy Public Contracts Act

Question

Quizplus · Accepted Answer

The Dodd-Frank Act includes a provision for clawbacks, allowing companies to recover incentive-based pay if it was based on erroneous financial statements.

The "Clawbacks" Provision in the _____ Allows a Company to Recover