Benefits Notes |

Employee benefits are an important part of every employees' total compensation package. The continuously evolving landscape in the areas of health care reform, retirement plan design, and executive compensation makes it difficult for employee benefits professionals to keep up with relevant developments. The employee benefits attorneys at Stinson Leonard Street provide human resources professionals, plan fiduciaries, actuaries, accountants, and others in the industry with practical and cost-effective assistance as they navigate through the complex laws, regulations and guidance that govern employee benefits plans. This blog highlights key developments in the employee benefits field and items of interest to our clients. Our Bloggers →

Benefits Notes Post

NYSE AND NASDAQ PROPOSE RULES REGARDING INDEPENDENCE OF COMPENSATION COMMITTEES AND ADVISORS

Our sister blog, Dodd-Frank.com, recently published summaries of the respective proposed rules for public companies issued by the New York Stock Exchange and the NASDAQ in entries on September 25 and September 26. You may access the summaries through the following links: http://dodd-frank.com/nasdaq-proposes-rules-regarding-independence-of-compensation-committees and http://dodd-frank.com/nyse-proposes-rules-regarding-independence-of-compensation-committees-and-compensation-advisers

Each of the proposed rules must be approved by the SEC. The rules describe facts and circumstances that must be considered when formulating membership of independent compensation committees and in the selection of legal advisors and consultants to the committees that ensure that conflicts of interest are known and minimized.  Executive compensation arrangements require approval by an independent compensation committee as provided in Dodd-Frank and the rules of the Securities Exchange Commission.

If interested in following other Dodd-Frank developments or these particular proposals you can also become a subscriber to the Leonard, Street and DeinardDodd-Frank blog at http://dodd-frank.com/.