regulatory
confidence high
sentiment neutral
materiality 0.20
FingerMotion adopts mandatory clawback policy for executive compensation
FingerMotion, Inc.
- Policy effective Nov 17, 2023, recovers erroneously awarded incentive-based compensation from current and former executive officers.
- Recovery applies on a no-fault basis upon any accounting restatement, regardless of misconduct.
- Lookback period covers three completed fiscal years preceding the restatement trigger date.
- Company prohibited from indemnifying or insuring executives against clawback recovery.
- Policy adopted to comply with SEC Rule 10D-1 and Nasdaq listing standards.