• NYSE and NASDAQ Propose Amendments to Listing Rules to Implement SEC Requirements for Independence of Compensation Committees and Their Advisers
  • October 9, 2012
  • Law Firm: Proskauer Rose LLP - New York Office
  • On September 25, 2012, each of the New York Stock Exchange (“NYSE”) and the NASDAQ Stock Market (“Nasdaq”) submitted to the U.S. Securities and Exchange Commission (the “SEC”) proposals to modify their respective listed company rules (the “Proposed Listed Company Rules”) in order to comply with the SEC’s final rules (the “Final Rules”) regarding the independence of compensation committees and the retention, compensation and oversight of consultants, independent legal counsel and other advisers to the compensation committees as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).