Alert October 23, 2012

Goodwin Procter Alert: NYSE and NASDAQ Submit Proposed Listing Standards on Compensation Committee Independence and Compensation Adviser Engagement/Independence

Goodwin Procter’s Capital Markets Practice issued a Client Alert that discusses listing standard proposals submitted by the NYSE and NASDAQ to address SEC rules mandated under the Dodd-Frank Act concerning the independence of compensation committees and the engagement and independence of compensation advisers.  (The NYSE and NASDAQ proposals preserve existing exemptions from compensation committee listing standards for registered open-end and closed-end investment companies, among other categories of issuers.)