On December 12, Nasdaq filed an amendment to its proposed listing standards regarding compensation committee and compensation adviser independence, delaying the implementation of the requirements relating to the committee’s authority to retain and supervise compensation advisers and its obligation to consider the independence of selected advisers until July 1, 2013. Previously, as discussed here, these requirements had been scheduled to go into effect immediately upon SEC approval, which is currently expected to occur on or about January 13, 2013, unless the deadline gets extended again.
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Nasdaq delays proposed implementation date of certain compensation committee independence requirements
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