• SEC Proposes Guidance to Stock Exchanges on Compensation Committee and Adviser Independence: Exchanges Will Be Responsible for Details, Including Whether Significant Stock Ownership Will Impact Committee Member Independence; Timing of Implementation Depends on Stock Exchange Rulemaking
  • April 7, 2011
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On Wednesday, March 30, 2011, the Securities and Exchange Commission proposed rules to implement Section 952 of the Dodd-Frank Act, under which the SEC must direct national securities exchanges to incorporate compensation committee and compensation adviser independence requirements into their equity listing standards.