Executive pay after the SEC clawback rules

We adopted our recovery policy when the listing standards came in, and I thought that was the end of it. It was not. Our compensation committee has now asked whether the discretionary policy that sits alongside it, the one covering misconduct without a restatement, should be widened to time-vested equity.

As we read it, the mandatory policy only reaches incentive pay tied to financial measures, so anything beyond that is our choice. Has anyone here extended recovery to time-based awards, and how did executives react?

I can bring our anonymised committee paper to the next Midtown breakfast if that helps.