In the first major action of 2024, the Department of Justice (DOJ) announced it had entered into a three-year deferred prosecution agreement (DPA) with a publicly traded global software company for alleged violations of the Foreign Corrupt Practices Act.
In a reassuring decision for employers, the UK High Court has confirmed that an employer’s use of a contractual provision to claw back an employee’s bonus was lawful.
Financial services firms regulated in the UK by both the Financial Conduct Authority and Prudential Regulation Authority have long caused confusion with their complex regulatory pay structures and infamous bonus cap.
While the DOJ has initiated at least two new Foreign Corrupt Practices Act enforcement actions against U.S. companies, it has also announced several decisions not to prosecute—most recently involving a U.S. biotech firm and its subsidiaries.
A new rule will require employers with stock listed on a national security exchange to implement a policy that provides for the recovery of erroneous payments to current and former executive officers.
Ultimately, tying executive compensation to diversity and anti-discrimination initiatives is just one tool in what should be a comprehensive DE&I strategy to give all employees (and applicants) an equal shot to succeed.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is intended to stimulate the U.S. economy in light of the COVID-19 pandemic. The CARES Act contains a number of provisions relating to employee benefits and executive compensation.
Canada saw significant developments in labour and employment law in 2019. Here is our Littler LLP overview of 15 key developments in 2019 with links to more detailed articles and commentary.
The Ontario Court of Appeal recently considered the important question of whether a terminated employee is entitled to be awarded damages in lieu of a lost opportunity to earn incentive plan compensation during his or her reasonable notice period.
