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As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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DOJ to Encourage Compensation Clawbacks

DOJ to Encourage Compensation Clawbacks

by Starling Insights

Starling Insights Editorial Board

Mar 22, 2023

Observations

US DoJ USA Regulatory Trends The Era of Accountability Personal Liability & Accountability Compensation & Incentives

The US Department of Justice (DOJ) recently launched a new pilot program that encourages companies to leverage their compensation policies to reward good behavior by executives while punishing those involved in misconduct.

"Our goal is simple: to shift the burden of corporate wrongdoing away from shareholders, who frequently play no role in misconduct, onto those directly responsible," said Deputy Attorney General Lisa Monaco at an American Bar Association conference in Miami earlier this month.

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