SEC Proposes Rules Regarding Compensation Committees and Their Advisers

in Executive Compensation, Securities and Exchange Commission

The SEC has proposed new rules to implement Section 952 of the Dodd-Frank Act. Rather than taking a prescriptive approach, the proposed rules leave the exchanges to develop their own standards for compensation committee independence and for evaluating the independence of compensation consultants and advisers. The SEC also proposes to amend current disclosure requirements regarding compensation consultants and their conflicts of interest.

Follow this link for more information from Weil’s Public Company Advisory Group on the SEC’s proposed rules.

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