Snapshot: New SEC Compensation Adviser Rules

Law360, New York (June 29, 2012, 6:54 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.