Clawback

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

Retrieved on: 
Monday, November 27, 2023
Exhibit, VEON, Clawback, Recovery, Euronext Amsterdam, Policy

The Board of Directors of VEON (the “Company”) has introduced a robust Policy for the Recovery of Erroneously Awarded Compensation (the “Clawback Policy”) to align with Section 10D and Rule 10D-1of the Securities Exchange Act of 1934 and the listing standards adopted by NASDAQ.

Key Points: 
  • The Board of Directors of VEON (the “Company”) has introduced a robust Policy for the Recovery of Erroneously Awarded Compensation (the “Clawback Policy”) to align with Section 10D and Rule 10D-1of the Securities Exchange Act of 1934 and the listing standards adopted by NASDAQ.
  • Effective 2 October 2023, the Clawback Policy enables the Company to recover erroneously awarded incentive-based compensation from current and former Executive Officers (as defined in the Clawback Policy) in the event that it is required to prepare an accounting restatement.
  • This step is crucial in maintaining transparency and accountability, particularly in instances requiring accounting restatements.
  • In tandem with the adoption of the Clawback Policy, the Board of Directors has also revised existing incentive-based compensation plans to further align executive remuneration with shareholder interests and corporate objectives.

White Claw® Hard Seltzer Wants You to 'CLAW™ Back Your Summer' with an Epic Remote Vacation and More Getaways

Retrieved on: 
Tuesday, August 1, 2023
White Claw Hard Seltzer, Intelligence, Gen, Drink, Friends, Clawback, Research, Long Weekend, QR, HARD, Love, Hard seltzer, White, Tourism, Shipbuilding, Hotel, Nightclub, Marketing

CHICAGO, Aug. 1, 2023 /PRNewswire/ -- With the midpoint of summer quickly approaching, a new survey from White Claw® Hard Seltzer shows that a staggering 54% of employed Americans haven't planned their summer vacation and 1 in 4 (24%) won't take all of their vacation time this year. As the nation's leading hard seltzer* and a brand that's synonymous with summer fun, White Claw is giving away a range of iconic summer getaways for fans and friends so they can unplug and unwind before the season's over.

Key Points: 
  • That's why throughout August, White Claw is giving away escapes as epic as its hard seltzers to help fans unplug for a day, long weekend or even a totally unplugged island vacation.
  • Day Off: Escape the grind of the workday with a stay at an epic mansion or luxury home for the day for you and your friends.
  • Week Off: Experience the ultimate escape to unplug and recharge, far away from work, with a week-long stay at a remote destination in Hawaii.
  • All Registered Trademarks, used under license by White Claw Seltzer Works, Chicago, IL.

AHF Calls on Federal Gov’t to Protect Pharmacies Protesting PBMs

Retrieved on: 
Wednesday, July 28, 2021
White House, Federal Government, Public policy, Government, Healthcare reform, Health, State, Local, Pharmaceutical, Clawback, Corporate finance, Financial regulation, Pharmacy, Articles, Academic disciplines, Policy, Pharmacy benefit management

New York and New Jersey are considering bills that would require disclosure of clawbacks to enhance oversight and transparency of PBMs.

Key Points: 
  • New York and New Jersey are considering bills that would require disclosure of clawbacks to enhance oversight and transparency of PBMs.
  • PBMs are determined to continue business as usual gouging pharmacies despite local laws and bans outlawing the practice, added Weinstein.
  • Earlier this year, AHF launched an advocacy campaign to take on PBMs that are undercutting community pharmacies and driving up drug prices.
  • To learn more about AHF, please visit our website: www.aidshealth.org , find us on Facebook: www.facebook.com/aidshealth and follow us @aidshealthcare .

Retiree Proxies to Limit Golden Parachutes, Strengthen Clawback Policy at Verizon

Retrieved on: 
Monday, April 5, 2021
VZ, Hans Vestberg, Clawback, Verizon Communications, Pensioner, Telecommunications, Policy, Companies

will present two proxy proposals this year on behalf of retiree shareholders at the Verizon (NYSE:VZ) virtual annual shareowners meeting, May 13, 2021.

Key Points: 
  • will present two proxy proposals this year on behalf of retiree shareholders at the Verizon (NYSE:VZ) virtual annual shareowners meeting, May 13, 2021.
  • Retirees aim to be an integral check against excessive senior management compensation and governance practices not aligned with shareowner interests.
  • BellTel aims to provide shareowner scrutiny over exit packages like the one available to Verizon CEO Hans Vestberg.
  • The group is also revisiting its proposal to amend Verizons Senior Executive Clawback Policy (Item #5).

SEC Charges Former Executives of San Francisco Bay Area Company With Accounting Violations

Retrieved on: 
Tuesday, February 2, 2021
Clawback, Corporate finance, Financial regulation, Reimbursement, Money, Articles, Economy

The settlements with both individuals include reimbursement of certain incentive-based compensation from the period during which the misconduct took place.

Key Points: 
  • The settlements with both individuals include reimbursement of certain incentive-based compensation from the period during which the misconduct took place.
  • "Executives should not profit from their or their company's misconduct,"said Melissa R. Hodgman, Acting Director of the SEC's Division of Enforcement.
  • "Today, the SEC exercised its longstanding authority to hold executives accountable through clawbacks by requiring Jackson and Callan to reimburse WageWorks for compensation they received stemming from their violations."
  • The SEC's investigation was conducted by Matthew Meyerhofer and Mike Foley and supervised by Tracy L. Davis and Monique C. Winkler of the San Francisco Regional Office.

Veterans Group: Government Clawback of 2020 Payroll Taxes from 2021 Military Paychecks will Offset Pay Raises in New Spending Bill

Retrieved on: 
Monday, December 28, 2020
Income statement, Wages and salaries, Economy, Employment compensation, Expense, Payroll, Paycheck, Clawback

Mission Roll Call Executive Director Garrett Cathcart said, "On behalf of all the military families across our country, we are asking for the federal government to permanently forgive the military payroll taxes not collected in 2020.

Key Points: 
  • Mission Roll Call Executive Director Garrett Cathcart said, "On behalf of all the military families across our country, we are asking for the federal government to permanently forgive the military payroll taxes not collected in 2020.
  • Our men and women of the armed forces deserve a start fresh in 2021, and they should fully benefit from the pay raises they deserve."
  • Cathcart continued, "This spending bill just signed into law changes the payback time period for payroll taxes deferred for military members in 2020.
  • But, the government's clawback of these 2020 payroll taxes from 2021 military paychecks will offset the military pay raise in the same legislation.

Fraser Institute News Release: Equalization discourages natural resource development in “have-not” provinces

Retrieved on: 
Tuesday, August 25, 2020
Fiscal federalism, Public economics, Economy of Canada, Equalization payments in Canada, Federalism in Canada, Articles, Clawback, The Maritimes, Public sphere, Economy

HALIFAX, Nova Scotia, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Canadas equalization program discourages natural resource development in have-not provinces, including all three Maritime provinces, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • HALIFAX, Nova Scotia, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Canadas equalization program discourages natural resource development in have-not provinces, including all three Maritime provinces, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • Many problems exist within Canadas equalization program, including how it actually discourages natural resource development in have-not provinces, said Ben Eisen, senior fellow at the Fraser Institute and co-author of Measuring the Equalization Clawback on Natural Resource Revenue in Have-Not Provinces .
  • Clawbacks refer to the loss of equalization dollars for have-not provinces as a result of increasing natural resource revenues.
  • By discouraging natural resource development, Canadas equalization programwith its clawbacks on resource revenuesis actually preventing have-not provinces from prospering, said Alex Whalen, policy analyst at the Fraser Institute and study co-author.

ABLEnow Accounts Not Subject to Virginia Medicaid Recovery Claims

Retrieved on: 
Wednesday, June 10, 2020
Federal assistance in the United States, Healthcare reform in the United States, Presidency of Lyndon B. Johnson, Child poverty, Medicaid, Clawback, Economy, Articles, Public sphere

The Virginia General Assembly passed legislation to prohibit the state from pursuing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required to do so by federal law.

Key Points: 
  • The Virginia General Assembly passed legislation to prohibit the state from pursuing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required to do so by federal law.
  • Known as the Medicaid payback or Medicaid clawback, this provision made some Virginians reluctant to open an ABLEnow account and some advisors hesitant to recommend ABLEAmerica accounts to eligible Virginians who want to preserve their private funds.
  • This change offers increased peace of mind for our Virginia customers, said Mary Morris, CEO of Virginia529, the agency that administers ABLEnow.
  • Starting July 1, 2020, the legislation prohibits Medicaid recovery claims against the direct-sold ABLEnow accounts and financial advisor-sold ABLEAmerica accounts of Virginia residents, unless required to do so by federal law.

Takeda Adopts Executive Compensation Recoupment Policy

Retrieved on: 
Wednesday, April 1, 2020
Professional services, Oncology, Health, Other Professional Services, Pharmaceutical, Biotechnology, Clawback, Corporate finance, Financial regulation, Takeda Pharmaceutical Company, Companies, Takeda, Public sphere, Economy

Takeda Pharmaceutical Company Limited ( TOKYO:4502/NYSE:TAK ) (Takeda) today announced that its Board of Directors approved an executive compensation recoupment policy (clawback policy).

Key Points: 
  • Takeda Pharmaceutical Company Limited ( TOKYO:4502/NYSE:TAK ) (Takeda) today announced that its Board of Directors approved an executive compensation recoupment policy (clawback policy).
  • The adoption of the clawback policy is part of Takedas ongoing efforts to further strengthen its commitment to best-in-class corporate governance and is consistent with Takedas industry peers.
  • The clawback policy provides that in the event of a significant restatement of financial results or significant misconduct, the independent external members of Takedas Board of Directors may require Takeda to recoup incentive compensation.
  • Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI).

Pension integration (or 'clawback')

Retrieved on: 
Friday, February 21, 2020
Economy, Finance, Money, Pension, Defined benefit pension plan, Clawback, Pensions in the United Kingdom, Pensions in Norway

Provision was therefore made for occupational pension schemes to take account of the new State Pension.

Key Points: 
  • Provision was therefore made for occupational pension schemes to take account of the new State Pension.
  • Private sector occupational schemes also included such arrangements in their rules, which are sometimes described by the term pension integration, clawback or bridging pension.
  • These schemes were designed to avoid additional contributions from sponsors and members by taking account of some or all of the State Pension when calculating the amount of occupational pension payable.
  • An All Party Parliamentary Group on Pension Clawback has been set up to campaign for HSBC to remove clawback from its post-1974 Defined Benefit Pension Scheme.