In March 2023, Deputy Attorney General Lisa Monaco and Assistant Attorney General Kenneth Polite of the Criminal Division announced a three-year Pilot Program on Compensation Incentives and Clawbacks. A group of Covington attorneys recently published an article with Bloomberg that offers practical guidance for companies looking to stay ahead of the curve on the use of compensation mechanisms to incentivize compliance and disincentivize non-compliance.

Photo of Jenna Wallace Jenna Wallace

Jenna Wallace’s practice covers tax-qualified retirement plans, health and welfare plans, equity compensation, nonqualified deferred compensation plans, employment and restrictive covenant agreements, employee terminations and international employment arrangements, among other areas.  She has significant experience assisting employers with respect to the administration of…

Jenna Wallace’s practice covers tax-qualified retirement plans, health and welfare plans, equity compensation, nonqualified deferred compensation plans, employment and restrictive covenant agreements, employee terminations and international employment arrangements, among other areas.  She has significant experience assisting employers with respect to the administration of 401(k) and pension plans (including standards applicable to the investment of ERISA-covered assets), the new requirements of the Patient Protection and Affordable Care Act, Section 409A of the Internal Revenue Code, and management employment and equity arrangements.  Ms. Wallace also advises private funds regarding investments by employee benefit plans.