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USA - November 29 2012
On November 28, 2012, the SEC extended the deadline for taking action on proposed rule changes relating to compensation committees and their advisors from November 29, 2012 until January 13, 2013.
USA - October 12 2012
On September 25, 2012, the NASDAQ Stock Market (Nasdaq) proposed amendments to its corporate governance listing rules to implement the requirements of Rule 10C-1 under the Securities Exchange Act of 1934 relating to compensation committee member independence and compensation committee advisers.
USA - October 3 2012
The NYSE proposes that the board must consider all factors specifically relevant to compensation committee member independence, including the source of the director's compensation and whether the director is an affiliate.
USA - August 30 2012
Issuers subject to the new rule should expect substantial compliance costs, potential liability under the Exchange Act, U.S. and foreign scrutiny over payments and the likelihood of shareholder activism as a result of the disclosure.
USA - August 29 2012
At an open meeting on August 22, 2012, the U.S. Securities and Exchange Commission (SEC) adopted a final rule on disclosure of the use of conflict minerals originating in the Democratic Republic of the Congo (DRC) or an adjoining country, implementing Section 13(p) of the Securities Exchange Act of 1934 and Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
