 Article
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Standards Related to Listed Company Audit Committees |
May 10, 2004
Previously published on June 2003
As directed by the Sarbanes-Oxley Act of 2002, the SEC has proposed rules to direct the national securities exchanges and other self-regulatory organizations such as the Nasdaq Stock Market (collectively, the "SROs") to prohibit the listing of any security of an issuer that is not in compliance with the audit committee standards discussed below. The Sarbanes-Oxley Act directs the SEC to adopt these rules by April 26, 2003, and SROs would be directed to make their new rules operative by the first anniversary of the publication of the final rules in the Federal Register.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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