The Securities and Exchange Commission (SEC) on Wednesday passed a rule to require public companies to recover incentive-based compensation doled out to current and former executives in certain cases of accounting restatement.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...