View source for Executive Compensation Regulation - Comment Letter - CFA Institute - May 18, 2011

{{Timeline-Listing Standards for Compensation Committees}}
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'''Listing Standards for Compensation Committees'''<br>
''May 18, 2011''

The CFA Institute states in its letter that it is unnecessary for the SEC to set rules regarding what types of committees, i.e. compensation committees, a company's board should oversee. The board may already have a different committee that handles the responsibilities of a compensation committee, and in such a case, the SEC should set independence regulation for the director(s) of the already established committee(s).

The letter also suggests that having singular broad definitions for the terms "director independence" and "look-back" is excessive due to the fact that exchanges already provide similar, though separate, definitions for these terms.

It is also recommended that compensation advisers be independent of a company and its management.


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== References ==
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[[Category:SEC Comment Letters]]
[[Category:CFA Institute]]
[[Category:CFA Institute Comment Letters]]
[[Category:Executive Compensation]]
[[Category:Executive Compensation Comment Letters]]