Securities Alert: SEC Proposes Rules to Require Revised Exchange Listing Standards for Compensation Committees
4/19/2011
By Jonathan L. Kravetz, Megan N. Gates, Pamela B. Greene, and Asya S. Alexandrovich
The Securities and Exchange Commission has proposed rules that would require national securities exchanges to adopt new listing standards related to compensation committees, including new independence standards for compensation committee members, standards relating to the engagement of advisers to the compensation committee, and consideration of the independence of compensation committee advisers. These new standards, once adopted, would prohibit companies not in compliance with the compensation committee and advisers requirements from being listed on national securities exchanges. Comments on the proposed SEC rules are due by April 29, 2011. Details and analysis are provided in this alert.
