Alert July 17, 2012

Goodwin Procter Alert: SEC Adopts Final Rules on Listing Standards for Compensation Committee and Compensation Adviser Independence

Goodwin Procter’s Capital Markets Practice issued a client alert describing final rules adopted by the SEC pursuant to the Dodd-Frank Act which: (1) direct the national securities exchanges to adopt listing standards regarding the independence of compensation committees and the engagement and independence of compensation advisers, and (2) impose additional proxy statement disclosure requirements regarding the use of compensation consultants.