SEC Proposes New Rules on Compensation Committee Independence and Adviser Conflicts

more+
less-

On March 30, 2011, the Securities and Exchange Commission proposed rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 relating to compensation committee membership and adviser conflicts. The proposals direct national securities exchanges to adopt listing standards in three areas: compensation committee independence, the use of compensation consultants and compensation consultant conflicts of interest. The proposed rules largely mirror the requirements of corresponding provisions of the Dodd-Frank Act and reflect an ever-increasing focus on the process for determining executive compensation at public companies.

A brief description of the proposals follows. The proposing release and the text of the rules may be found at the SEC's website here. The SEC is accepting comments until April 29, 2011.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.


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.

© Ropes & Gray LLP | Attorney Advertising

Written by:

more+
less-

Ropes & Gray LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×