New Nasdaq and NYSE Rules Require Shareholder Approval of All Equity-Based Compensation Plans

Topics:
Stock Options
Tags:
Benefits,
Compensation,
Equity,
Grant,
Human Resources,
Nasdaq Stock Market Inc.,
New York Stock Exchange,
Reed Elsevier Inc.,
Shareholder
Source:
Reed Elsevier

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Overview: The SEC recently approved changes to Nasdaq and New York Stock Exchange listing standards that will require shareholder approval for almost all equity-based compensation plans, material revisions to plans (including repricings) and individual non-plan grants. These new rules were put into effect on an accelerated basis on June 30, 2003, so listed companies considering adopting new plans, making new non-plan grants, or changing existing plans or the terms of existing grants need to take the new rules into account now.

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Format: HTML | Date: Nov 2003 | Pages: 1

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