SEC rules audit committee Proxy statements 2110
EMM last edited by
Does anyone know if the proxy statement issued with regards to Audit Committees under SEC rules differs where the issuer is an accelerated FPI?
Ricardo last edited by
As an accelerated FPI we adopted the SEC’s rule 240.10A-3. Section 10A of the Exchange Act makes no distinction based on an issuer’s size.
Our Fiscal Council acts as our audit committee for purposes of the Sarbanes-Oxley Act of 2002 under Section 10A-3 of the SEC rules on Audit Committees of listed companies, non-U.S. issuers are permitted not to have a separate Audit Committee made up of independent members if there is a Fiscal Council established and chosen in accordance with the legal rules of its origin country, expressly requiring or allowing that such council follow certain obligations.