Law360, New York (June 29, 2012, 6:54 PM ET) -- On June 20, 2012, the U.S. Securities and Exchange Commission adopted final rules implementing Section 952 of the Dodd-Frank Act.[1] The rules were adopted with some changes from the proposal[2] and direct national securities exchanges, including the NYSE and Nasdaq, to adopt rules addressing:
The independence of compensation committee members;
Compensation committee authority to retain advisers;
Compensation committee consideration of the independence of advisers; and
Compensation committee responsibility for the appointment, compensation and oversight of advisers.
The exchanges are directed to file their rules with the...
Snapshot: New SEC Compensation Adviser Rules
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