Executives at public and private companies will soon run the risk of having their compensation subject to forfeiture for financial misstatements and corporate criminal misconduct under their watch thanks to new “clawback” rules from the federal government. The new public company clawback standards– proposed in January and expected to take effect this December – are being issued by the NYSE and NASDAQ as required by the Securities and Exchange Commission with a complimentary program in effect for both public and private companies behind the full weight and force of the U.S. Department of Justice. At one time solely the province of public company executives, the DOJ program will work to scoop money out of the pockets of private company leaders. What are the five steps you should take to address these new clawback rules? READ MORE