Diageo Instates Executive Pay Clawback Policy

Diageo (DEO) has released an update.

Diageo has implemented a mandatory compensation recovery policy for its executive committee members in case of a material financial restatement. This Recovery Policy, compliant with NYSE guidelines, ensures the clawback of erroneously awarded incentive-based pay. The policy will apply retroactively to three fiscal years preceding the restatement and will affect both current and former executives.

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