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  "notes": "Uses red callouts to connect proxy statement text to the lack of clawback coverage for long-term incentives.",
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      "text": "We have little confidence that the CEO's buddy Herbert Chang would stand in the way of pay he received.",
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      "text": "While MPWR claimed an improved compensation structure tying long-term performance to management pay, it did so without any recourse if the results are based on flawed results.",
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      "text": "\"In 2013, we granted two separate performance-based full-value awards...\" — MPWR 2014 Proxy Statement; \"In February 2012, we adopted our Compensation Recoupment Policy, which permits the Board to recoup any excess performance-based cash compensation paid to key members of our executive team if the financial results on which the performance-based compensation awards were based are restated due to fraud or intentional misconduct by the executive\" — MPWR 2014 Proxy Statement.",
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