Title

Nasdaq Proposes More Flexible Compensation Committee Independence Standards
Client Newsflash

Created date

12/4/2013

The NYSE and Nasdaq listing standards governing the independence of compensation committee members, as required under Dodd-Frank, currently diverge in how they treat directors who receive any compensatory fees, including consulting and advisory fees. For Nasdaq-listed companies, a director who receives such payments is prohibited from being considered independent for purposes of the compensation committee.