Under the SOX Act, to prevent the secret looting of a company by its officers,...

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Accounting

Under the SOX Act, to prevent the secret looting of a company by its officers, executive performance bonuses are required to be retroactively forfeited b
(known as a
provision) to the company if the bonuses were tied to any financial reports that later were deemed to be false or to have been issued
appropriate controls.
remuneration
clawback
forfeiture
give-back
image

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