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Clawback, Dodd-Frank Act, Executive Compensation, SEC More from: Emma van Beek, Erin Bass-Goldberg, Stephen Hom , FW Cook Stephen Hom is a Principal, Erin Bass-Goldberg is a Managing Director, and Emma van Beek is a Consultant at FW Cook. This post is based on their FW Cook memorandum.
In the ever-evolving landscape of compensation plan design, severance pay practices sometimes get short shrift. Understandably, compensation committees tend to prioritize areas like short- and long-term incentive pay when scrutinizing pay practices for the employees they hope to recruit, retain and incentivize. Yet, establishing and maintaining a well-structured severance pay program also plays a crucial part in each of those areas.
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