NASDAQ has filed amendments to its rules on compensation committee composition. In a welcome move, the revised rules are closer to the more flexible rules adopted by the New York Stock Exchange. The changes come into effect immediately so NASDAQ companies that have already changed their compensation committee charter to comply with the changes NASDAQ made earlier this year will need to review the charter to ensure it remains compliant. So we can thank NASDAQ for some light holiday reading.

For further information on the amendments, see our alert.