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U.S. SEC Adopts Rule For Exchanges on Compensation

Reuters – Securities regulators said on Tuesday [June 19] they approved a new rule that requires stock exchanges to force the companies that list on them to meet certain compensation standards, which was mandated by the 2010 Dodd-Frank financial regulation overhaul.

Exchanges must require each member of the compensation committee of a company’s board to be independent, for example, according to the rule from the U.S. Securities and Exchange Commission.

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