Listing Standards for Compensation Committees

SEC Release No. 33-9199, 34-64149

March 30, 2011

The SEC proposed new rules to implement Exchange Act Section 10C (as added by Section 952 of Dodd-Frank). The new rules would direct national securities exchanges and associations to prohibit the listing of equity securities of issuers that are not in compliance with Section 10C's standards for compensation committees and compensation advisers. Comments on the proposal are due by April 29, 2011.

Cross References

SEC Press Release 2011-78

Exchange Act § 10C

Dodd-Frank § 952

Statements of SEC Commissioners: Schapiro, Casey, Paredes, Aguilar