• Dodd-Frank Update: SEC Adopts Rules on Compensation Committee Independence and Compensation Advisers
  • July 4, 2012
  • Law Firm: Covington Burling LLP - Washington Office
  • On June 20, 2012, the Securities and Exchange Commission (the “SEC”) adopted new rules affecting the composition and powers of compensation committees of listed companies and requiring new disclosure regarding compensation consultants’ conflicts of interest. These rules, proposed in March 2011, were adopted under Section 952 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).