Congress enacted IRC section 304 to prevent companies from trying to improperly withdraw earnings and profits from a company through the use of brother/sister corporations. Without proper attention to ...

In 2002, after massive accounting fraud was uncovered at a number of major U.S. corporations, the U.S. Congress passed the Sarbanes-Oxley Act of 2002 to address the abuses that were perceived to be ...

These new programs represent a major broadening in the scope of clawback policies, but at least for publicly held companies, clawback mandates are not new. Since 2002, Section 304 of the ...