H.R. 4320: Corporate Management Accountability Act of 2019
Legislation Details
116th Congress
To ensure that irresponsible corporate executives, rather than shareholders, pay fines and penalties.
Sponsor: Rep. Katie Porter — D — CA
Requires publicly traded companies to annually disclose to the Securities and Exchange Commission (SEC) or to shareholders, in proxy statements, whether they have policies that require their executive officers to help pay fines or penalties levied against the company and to disclose any amounts collected from those officers.
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