The SEC has adopted final rules directing national securities exchanges to establish listing standards relating to Compensation Committees, pursuant to Section 952 of Dodd-Frank Wall Street Reform and Consumer Protection Act. These new rules require exchanges to adopt heightened independence standards for compensation committee members and rules permitting compensation committees to engage compensation advisers, at the company’s expense, after taking into account certain independence factors relating to such compensation advisers.
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Continue Reading Exchanges Must Adopt New Compensation Committee Rules