US SEC approves NYSE and Nasdaq listing standards on compensation committees and advisers

Download document:

SEC approves the NYSE and Nasdaq listing standards on compensation committees and advisers - .PDF file.

On 11 January 2013, the SEC approved the NYSE and Nasdaq listing standards, as amended, to implement the SEC’s requirement that national securities exchanges prohibit the listing of any equity security of an issuer that does not comply with the SEC’s rules regarding the independence of compensation committees and their advisers. In approving the proposed NYSE and Nasdaq listing standards, the SEC did not require any changes.

Click on the link above to download this Davis Polk & Wardwell briefing.