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Non-Tech : Wynn Resorts

WYNN 118.99

-0.7%

Oct 31 9:30 AM EST

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From: Sr K	10/26/2022 9:33:11 PM
	of 64

Accounting Errors to Cost Executives Their Bonuses Under SEC Rule Commissioners voted to approve requirements that companies claw back incentive pay The clawback rule’s implementation has been delayed for years amid resistance from corporate executives.PHOTO: ANDREW KELLY/REUTERS By Paul Kiernan Updated Oct. 26, 2022 5:37 pm ET SHARE Listen to article (2 minutes) WASHINGTON—Regulators will make public companies take back executives’ incentive pay if they find significant errors in financial statements, aiming to improve corporate accountability at a time of rising shareholder discontent over pay practices. The Securities and Exchange Commission voted 3-2 Wednesday to complete the so-called clawback rule, with all Democrats approving and Republicans dissenting. Required by the 2010 Dodd-Frank Act to discourage fraud and accounting mischief, the rule’s implementation has been delayed for years. Exc.

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