• Exchanges Propose Compensation Committee Independence Standards: No New Bright-Line Tests Under NYSE Proposal; Nasdaq Proposal Would Prohibit All Compensatory Fees Other Than Director Fees and Require Formal Compensation Committee and Written Charter
  • October 8, 2012
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • Certain U.S. securities exchanges have filed with the SEC proposed revisions to their equity listing standards regarding compensation committee and compensation adviser independence, as required by SEC rules issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act.