Clawback of bonuses: the claws are out | Practical Law

Clawback of bonuses: the claws are out | Practical Law

The Prudential Regulation Authority recently consulted on proposals that certain employees in the banking industry could be liable to pay back bonuses that they receive up to six years after receipt. If this trend continues, clawback could become a much more common feature of executive bonus arrangements in years to come.

Clawback of bonuses: the claws are out

Practical Law UK Articles 2-572-1446 (Approx. 6 pages)

Clawback of bonuses: the claws are out

by Nicholas Stretch, CMS Cameron McKenna LLP
Published on 26 Jun 2014United Kingdom
The Prudential Regulation Authority recently consulted on proposals that certain employees in the banking industry could be liable to pay back bonuses that they receive up to six years after receipt. If this trend continues, clawback could become a much more common feature of executive bonus arrangements in years to come.