Compensation committee - sustany/dvg GitHub Wiki

The compensation committee is a committee composed of a company�s board of directors in charge of reviewing and approving the compensation of a company�s officers.

Securities and Exchange Commission (SEC) Rule 10C-1 requires that national securities exchanges, such as the NYSE and NASDAQ, only list companies with independent compensation committees. This effectively requires public companies to have compensation committees. Rule 10C-1 requires the national securities exchanges consider the source of a committee member�s compensation and whether they are affiliated with the company.��