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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.
USA - April 13 2012
In one of the most sweeping changes to the securities offering environment in years, the Jumpstart Our Business Startups Act, commonly referred to as the JOBS Act, became law on April 5, 2012.
