Proposed NYSE and NASDAQ Listing Standards for Compensation Committees

31 October 2012
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Key takeaways

  • 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.