SEC Approves Change to Nasdaq Rule on Permitted Non-Independent Director Committee Membership

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Explore:  Nasdaq SEC

On July 19, 2012, the SEC approved a proposed Nasdaq rule change to modify the exception to Nasdaq Rule 5605 that allows a non-independent director of a listed company to serve on its audit committee, compensation committee or nominations committee under exceptional and limited circumstances.

 

Topics:  Nasdaq, SEC

Published In: Business Organization Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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