Podcast overview
Listen to the SEC team in our Department of Professional Practice discuss the SEC’s cybersecurity and compensation clawback rules. We highlight the key requirements of the new rules and potential impacts to public companies complying with the rules by the end of 2023 – including disclosure, reporting and control implications.
Applicability
- Cybersecurity applicability: Public companies subject to the Securities Exchange Act of 1934 – excluding certain Canadian foreign private issuers and asset-backed securities issuers
- Clawback applicability: Listed issuers with limited exemptions
Podcast contents
- 00:30 – Introduction
- 01:00 – Highlights of the cybersecurity rules
- 03:55 – Materiality in the context of cybersecurity incidents
- 05:55 – Key dates of the cybersecurity rules
- 07:05 – How public companies should prepare for adoption of the cybersecurity rules
- 08:10 – Highlights of the compensation clawback rules and key dates
- 10:25 – Events that trigger a company’s compensation recovery policy
- 11:55 – How public companies should prepare for adoption of the compensation clawback rules
- 15:25 – Resources and conclusion
Explore more
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SEC finalizes cybersecurity rules
SEC staff released new C&DIs on reporting deadlines and materiality when consulting Attorney General.
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Issuers implement compensation clawback requirements
Issuers face questions as they look to apply their new recovery policies under the SEC’s compensation clawback rules.
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SEC finalizes rule for erroneously awarded compensation
Listed issuers will need to develop policies and recoup compensation awarded based on inaccurate financial statements.
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