Washington, D.C. (March 6, 2023)
– The United States Department of Justice (DOJ)
just announced its first-ever Pilot Program on Compensation
Incentives and Clawbacks. This game-changing initiative –
which will be in force for three years – will send
significant ripples through executive compensation and government
corporate resolution programs. Navigating this new program will
require deft counsel who understand this new intersection between
employment law and corporate compliance programs.
As to the genesis of the Pilot Program, Deputy Attorney General
Lisa Monaco stated, “Our goal is simple: to shift the burden
of corporate wrongdoing away from shareholders, who frequently play
no role in the misconduct, onto those directly
responsible.”
