If a publicly traded corporation misstated its accounting filings to the SEC,which of the following is given the right under the "clawback" provision of the Sarbanes-Oxley Act to reclaim profits earned by the company's CEO?

Question

Quizplus · Accepted Answer

According to the "clawback" provision of the Sarbanes-Oxley Act, only the company itself has the right to reclaim profits earned by the CEO in case of misstating accounting filings to the SEC. This provision is intended to hold executives accountable for their actions and to protect the interests of the company and its shareholders. Shareholders and corporate financial officers may be entitled to other forms of compensation or legal remedies, but not under the "clawback" provision.

If a Publicly Traded Corporation Misstated Its Accounting Filings to the SEC,which