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ARTICLE · 28 APRIL 2013

Deadline Approaches For Amending Compensation Committee Charters

By July 1, affected companies must comply with recent amendments to the listing rules of the New York Stock Exchange and the NASDAQ Stock Market relating to compensation committees.

United StatesCorporate/Commercial Law
Stephen Farrell
Stephen Farrell

Companies must comply with certain final NYSE and NASDAQ listing rules by July 1.

By July 1, affected companies must comply with recent amendments to the listing rules of the New York Stock Exchange (NYSE) and the NASDAQ Stock Market (NASDAQ) relating to compensation committees.1 These changes, which were approved by the Securities and Exchange Commission (SEC) on January 11, 2013, were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and the SEC's implementing regulations.

The following discusses the changes that listed companies must make by July 1, 2013, to comply with the new listing rules.

Changes Required for Compensation Committee Charters

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