Abstract

http://ssrn.com/abstract=2126151
 


 



The Stock Exchanges and the Factors for Director Independence: A Comment Letter


J. Robert Brown Jr.


University of Denver Sturm College of Law

August 2, 2012

U Denver Legal Studies Research Paper No. 12-26

Abstract:     
In Section 952 of Dodd-Frank, Congress gave the Securities and Exchange Commission the authority to adopt a rule that required stock exchanges to implement listing standards regulating the compensation committees of the board of directors. In accordance with this provision, the Commission in Exchange Act Release No. 67220 (June 20, 2012) adopted Rule 10C-1. The Rule directed the exchanges to adopt the requisite listing standards. These standards were required to include the "relevant factors" that had to be considered in determining the independence of directors on the compensation committee. This letter recommended, among other things, that in articulating these factors, the exchanges specify the need to consider fees paid to directors for their service on the board and the need to consider personal and business relationships among directors and executive officers.

Number of Pages in PDF File: 6

working papers series


Download This Paper

Date posted: August 8, 2012  

Suggested Citation

Brown, J. Robert, The Stock Exchanges and the Factors for Director Independence: A Comment Letter (August 2, 2012). U Denver Legal Studies Research Paper No. 12-26. Available at SSRN: http://ssrn.com/abstract=2126151 or http://dx.doi.org/10.2139/ssrn.2126151

Contact Information

J. Robert Brown Jr. (Contact Author)
University of Denver Sturm College of Law ( email )
2255 E. Evans Avenue
Denver, CO 80208
United States
Feedback to SSRN


Paper statistics
Abstract Views: 245
Downloads: 46

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.359 seconds