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NYSE and NASDAQ propose listing standards to implement new SEC rule on compensation committees and their advisers

04 October 2012

SEC Update

On September 25, the New York Stock Exchange and the NASDAQ Stock Market filed with the SEC proposed listing standards to implement recently adopted Rule 10C-1 under the Securities Exchange Act of 1934. As discussed in the SEC Update we issued on June 29, 2012, available here, Rule 10C-1 directs the national securities exchanges to establish listing standards concerning the independence of compensation committee members, the authority of compensation committees to engage advisers, and the independence factors compensation committees should consider in selecting their advisers.

Read: "NYSE and NASDAQ propose listing standards to implement new SEC rule on compensation committees and their advisers"

The team

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