Under Sarbanes-Oxley, requiring the payback of corporate bonuses that were awarded and later found to be based on false disclosures is called a __________ provision.

Question

Quizplus · Accepted Answer

The correct term is "clawback." This provision under Sarbanes-Oxley mandates the return of bonuses and profits gained from stock sales by company executives if their company's financial statements are later found to be non-compliant due to misconduct.

Under Sarbanes-Oxley, Requiring the Payback of Corporate Bonuses That Were