Abstract
The implementation of clawback clauses provides an opportunity to prevent mismanagement of executive officers without unnecessarily increasing the complexity of compensation systems. Driven by various legal initiatives, companies in the USA increasingly implemented clawback clauses in the last decade. This study shines a light on the legal foundation of clawback clauses in Germany. Moreover, this article examines the level of implementation of clawbacks in the thirty German companies with the highest market capitalization (DAX 30 companies).
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