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Proposed NYSE and NASDAQ Listing Standards for Compensation Committees
31 October 2012
View Client Update
The NYSE and NASDAQ have issued proposed modifications to their listing standards relating to compensation committees of listed equity issuers to implement requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The NASDAQ modifications require that all listed companies have an independent compensation committee that operates under a formal written charter and also prohibits compensation committee members from receiving any fees other than for board or committee service.
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