US EditionSEC Imposes Three-Year Cooling-Off for CEOs Seeking Chairman Roles
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SEC imposes three-year cooling-off for CEOs seeking chairman roles
The Securities and Exchange Commission (SEC) has introduced new governance measures aimed at enhancing corporate oversight and ensuring a distinct separation of roles within Nigerian public companies. The post SEC imposes three-year cooling-off for CEOs seeking chairman roles appeared first on Nairametrics.
"SEC Bars CEOs from Becoming Chairmen Without 3-Year Break" — Issues New Corporate Governance Rules - TheNigeriaLawyer
The Securities and Exchange Commission (SEC) has introduced new corporate governance rules prohibiting Chief Executive Officers (CEOs) from transitioning directly into board chairmanship roles within the same company or corporate group. A mandatory three-year “cooling-off” period has now been instituted. The directive was contained in a circular released on Saturday, titled “Circular to All Public Companies and Capital Market Operators on the Tr…
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