This study examines, also through a comparative law analysis, the role and the characteristics of the claw back clauses, why they are adopted by listed companies and also how they could be used to change the level and the structure of directors’ remuneration, to reduce the executive payment and to ensure that any termination payment is in the best interest of the company and its shareholders. For this purpose, this study analyzes the component of executive contracts and the impact of the claw back clauses on the corporate governance and the fulfillment of directors’ duties.
Articoli Correlati: claw back - organo amministrativo - ordinamenti stranieri - amministratore/i - remunerazione