The U.S. Justice Department is rolling out a new policy aimed at pushing the cost of corporate crime into the pockets of executives, the latest in a series of changes at the agency under President Joe Biden.
"Clawbacks are not a new idea but our view is that they have never really been deployed effectively or regularly," Marshall Miller, principal associate deputy attorney general at the Justice Department, told Reuters in an interview along the sidelines of the conference.
"If you are going to create a culture that calls out misconduct and promotes compliance, you need people to have skin in the game," Miller said.the scope of its clawback powers, which were created in 2002.
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