NYSE and NASDAQ Post Forms for Listed Companies to Certify Compliance with Revised Compensation Committee Listing Standards
04 February 2014SEC Update
The New York Stock Exchange and the NASDAQ Stock Market announced recently that they have posted on their websites the forms that listed companies must use to certify their compliance with the revised listing standards concerning compensation committees. As discussed in the SEC Update we issued on June 21, 2013 (available here), the NYSE and NASDAQ have amended their listing standards to implement SEC Rule 10C-1 under the Exchange Act requiring national securities exchanges to establish listing standards concerning the independence of compensation committee members and other compensation committee matters. Companies listed on the NYSE and NASDAQ are required to certify their compliance with some of the revised standards.