SEC: Seeking independence on compensation
The Securities and Exchange Commission has proposed rules aimed at ensuring the independence of board members who help…
The Securities and Exchange Commission has proposed rules aimed at ensuring the independence of board members who help decide compensation issues. The proposal requires national securities exchanges to have listing standards for the compensation committee of its board of directors. Firms also would have to disclose whether they used compensation consultants so any potential conflict of interest could be identified. Comments are due April 29. For details, click here.
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