Corporate Management Accountability Act of 2019 This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.
Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityCorporate finance and managementSecuritiesSecurities and Exchange Commission (SEC)Wages and earnings
Corporate Management Accountability Act of 2019
USA116th CongressS-1885| Senate
| Updated: 6/18/2019
Corporate Management Accountability Act of 2019 This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why such procedures are not necessary for the benefit of its shareholders.
Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityCorporate finance and managementSecuritiesSecurities and Exchange Commission (SEC)Wages and earnings