Silicon Valley Bank

Bipartisan bill would empower FDIC to pursue failed bank exec clawbacks


The Failed Bank Executives Clawback Act seeks to require the Federal Deposit Insurance Corporation to claw back five years’ worth of compensation from executives who lead failed banks.

Joe Biden

Biden calls for banking exec clawbacks amid failures


President Joe Biden is calling on Congress to “do more to hold senior bank executives accountable” since the market turmoil that has followed the collapses of Silicon Valley Bank and Signature Bank.

DOJ wall

Experts: DOJ clawback pilot to be ‘work in progress’


Businesses and compliance professionals should expect the Department of Justice’s new compensation clawback policies to be applied on a case-by-case basis, with broad discretion, according to legal experts.

Credit Suisse sign

Credit Suisse discloses ICFR ‘not effective’ in 2022


Credit Suisse Group disclosed in its annual report its internal control over financial reporting was “not effective” for the fiscal year ending December 2022.

DOJ building

DOJ sets new compliance criteria for criminal investigations


The Department of Justice announced changes to its evaluation procedures for corporate compliance programs in criminal investigations, including monitoring off-channel messaging by employees, executive compensation programs, and how the agency selects compliance monitors.


DOJ to implement new clawback, compensation policies for corporate settlements


Corporate resolutions involving the Department of Justice’s Criminal Division will now include a requirement the resolving company develop compliance-promoting criteria within its compensation and bonus system, according to Deputy Attorney General Lisa Monaco.


Greenbrier Companies fined by SEC over CEO perk disclosures


Greenbrier Companies and its former chief executive officer will pay a total of $1.1 million to settle charges from the Securities and Exchange Commission the firm failed to disclose perks related to the use of a private jet owned by the CEO.

Morgan Stanley

Reports: Morgan Stanley fines bankers up to $1M for off-channel communications


Morgan Stanley fined its employees up to $1 million for using unauthorized communication channels in violation of recordkeeping rules, according to multiple reports.


McDonald’s avoids SEC fine for misleading statements related to fired CEO


The Securities and Exchange Commission found McDonald’s violated federal securities law when it failed to fully disclose material factors regarding the firing of former Chief Executive Stephen Easterbrook in 2019.


CCO/CECO salary data: Five noteworthy trends


Chief compliance officers are earning more than before compared to previous years of our “Inside the Mind of the CCO” survey, though trends like differences in gender pay persist.


SEC passes Dodd-Frank executive pay clawback rule


The Securities and Exchange Commission passed a rule to require public companies to recover incentive-based compensation doled out to current and former executives up to three years before issuing an accounting restatement.

Employee compensation

Survey: Performance incentives drive general counsel compensation rise


Compensation among general counsel at some of the nation’s top corporations increased about 8.1 percent in 2021, compared to 2020 levels, according to the latest annual benchmarking report from Equilar.

DOJ wall

DOJ to emphasize individual accountability, prior misconduct in corporate crime probes


Deputy Attorney General Lisa Monaco announced sweeping changes to the Department of Justice’s efforts to fight corporate crime, including new guidance regarding individual accountability, voluntary self-disclosure, compliance monitors, and ways to strengthen compliance culture.


Too little, too late? SEC adopts long-dormant pay vs. performance rule


After years of sitting on the shelf, the pay vs. performance rule mandated by the Dodd-Frank Act was adopted by the Securities and Exchange Commission.

Business success

Survey: Competitive jobs market pushes in-house counsel salaries higher


In-house counsel salaries across every industry bounced back in 2021 from the doldrums of the pandemic, with a competitive jobs market forcing recruiters to offer more bonuses, according to the latest compensation survey by BarkerGilmore.