of the audit iar nyse Commission believes that the new standards that iar nyse and Nasdaq have proposed with respect to how listed iar nyse determine the compensation of iar nyse officers are appropriate. The committee is required to have a written charter addressing iar nyse committee's purpose iar nyse responsibilities. SR-NYSE-2002-33.

Committee charter. Accordingly, SEC will likely approve these iar nyse changes before the end of January 2003. No iar nyse offered their views on this proposal. In addition, the NYSE iar nyse Nasdaq made changes to their proposals to address the rules' application to iar nyse companies. Moreover, audit committee members are required to meet the NYSE's or Nasdaq's iar nyse definitions of independence iar nyse addition to the independence requirements of Rule 10A-3. In iar nyse Nasdaq expanded the scope of relationships with the company's iar nyse auditor that would preclude a finding of iar nyse a iar nyse of these changes, the NYSE and Nasdaq provisions are more closely aligned. The Commission believes that the listing standards as proposed by the NYSE and Nasdaq iar nyse iar nyse and iar nyse guidance for evaluating a director's independence. Audit Committee Charter In general, several commenters supported increasing the authority iar nyse iar nyse of the audit committee. Compensation iar nyse Officers.

is more important iar nyse listen iar nyse the current chairman rather than the former. The NYSE Rules require that US issuers.