June 22, 2023
John Grugan (LAW ’98) and Kathryn Boyle (LAW ’21) of Ballard Spahr co-authored an article with David Axelrod discussing the SEC’s adoption of new rules requiring publicly traded companies to “claw back” incentive-based executive compensation based on materially misreported financials regardless of whether the restatement was caused by misconduct.
The Internal Revenue Service has issued proposed regulations describing the rules regarding the 21 percent excise tax on compensation over $1 million and excess parachute payments paid by tax-exempt organizations to certain covered employees. The proposed regulations affect certain tax-exempt organizations, government entities, and certain entities that are treated as related to those organizations.
Temple 10-Q editor Jonathan Broder (LAW ’83) discusses the impact of deregulation and tax cuts on business lawyers