ICICI Case

'Clawback' provision rare in India, common in US

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A number of companies from the United States of America to Denmark; have all seen attempts at clawback of executive compensation following scandal. Insurer UnitedHealth Group’s chief executive officer and chairman William W. McGuire had to face clawback provisions which resulted in loss of compensation worth over $600 million in 2007.

This article appeared in Business Standard on 03rd February, 2019