UTC News

Date ArticleType
2/5/2013 Member News
SEC Approves NYSE MKT Listing Standards for Compensation Committees and Compensation Advisers

The Securities and Exchange Commission has approved changes to the rules of the NYSE MKT regarding compensation committees for listed companies. The revised rules implement Rule 10C-1 which was adopted last June pursuant to the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Rule 10C-1 required the exchanges to adopt new standards for independent compensation committees and mandated that compensation committees be given new authority and responsibility for the engagement of compensation advisers.

Read the full article here.

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