The Internal Revenue Service has released a new guidance to clarify that chief financial officers are not “covered employees” under Section 162(m) of the federal tax code—meaning that companies can deduct the full amount of a CFO’s compensation, rather than only $1 million as Section 162(m) specifies for covered employees. The highly anticipated guidance—which applies […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
Posted inRegulatory Enforcement
Perils GCs Can Face In Backdating Actions
Sealed is the fate of Comverse Technology’s former general counsel, William Sorin, for his role in that company’s backdated stock options. An uncertain future, however, still potentially awaits many more GCs caught up in the Securities and Exchange Commission’s web of backdating investigations. Sorin, 57, the first attorney to plead guilty over allegations that he […]
