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SEC Issues Final Rule on Compensation Committee Independence, Including Independence of Advisers
Winston & Strawn LLP, via Lexology; free registration required June 20, 2012 "The SEC's final rule confirms that 10C does not require compensation committees to retain or obtain advice only from independent advisers. A listed issuer's compensation committee may receive advice from non-independent counsel, such as in-house counsel or outside counsel retained by management, or from a non-independent compensation consultant or other adviser, including those engaged by management." |
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