TITLE

NYSE and Nasdaq Issue Proposed Listing Standard Changes Relating to Compensation Committees to Implement the Requirements of the Dodd-Frank Act

AUTHOR(S)
O'Brien, Jeannemarie; Kahan, David E.; Schobel, Michael J.
PUB. DATE
October 2012
SOURCE
Venulex Legal Summaries;2012 Q4, Special section p1
SOURCE TYPE
Law
DOC. TYPE
Article
ABSTRACT
The article discusses the changes proposed by the New York Stock Exchange (NYSE) and Nasdaq to their listing standards designed to comply with the Dodd-Frank Act. The requirements relate to the independence of compensation committee members and of their advisers. Under the proposal, the board of directors is required to consider factors, such as the source of compensation, in determining director independence.
ACCESSION #
84974417

 

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