In a recent report, Equilar examined the clawback policies of the Fortune 100. They found a continuance of the decade-long trend of rising clawback policy prevalance. In 2013, nearly 90% of the Fortune 100 disclosed clawback policies. Other key findings of the report include:
*No Correlation with Pay - The lack of a clawback policy did not lead to higher pay.
*Multiple Recoupment Triggers - More than 70% of policies included triggers for both financial restatement and ethical misconduct.
*Focus on Top Executives - More than 65% of clawback policies applied to key executives and employees while less than 15% covered all employees.
*Expanded Coverage - Recoupment policies continue to expand in coverage of different elements of pay, such as deferred compensation, sales commissions, flexible perquisite accounts and/or supplemental retirement plans.
Equilar is a provider of executive compensation and corporate governance data for corporations, nonprofits, consulting firms, institutional investors and the media.Additional information about Equilar is available on its website atwww.equilar.com.