SEC Adopts Rule for Compensation Committees and Advisers
The decision-making process for executive compensation will bear additional scrutiny under a new rule announced Wednesday by the Securities and Exchange Commission. Section 952 of the Dodd-Frank Act addresses the issue of executive compensation by focusing on the compensation committees formed by corporate boards, as well as the compensation advisers they may retain. It required that exchanges, under the direction of the SEC, adopt "listing standards."
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