Former Juniper Networks GC Lisa Berry’s backdating settlement with the U.S. Securities and Exchange Commission this week may have symbolized the end of an era. But the vigor with which the agency pursued a number of corporate executives on fraud claims has left a lasting impression on lawyers…. While stock options are an important tool to motivate executives and align their interests with those of shareholders, [Prof. Robert] Jackson says there’s a lesson to be learned from the mass federal crackdown. Executive incentive is complex, he says, and governance protections are needed.
‘Enforcement 40’ for 2020
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