SEC proposes term limits for independent directors, seeks public input

SEC Proposes Term Limits for Independent Directors Your Questions Answered

As industry experts in waste management, it's crucial to stay informed about regulatory changes that impact our sector. The Securities and Exchange Commission (SEC) has proposed new rules aimed at strengthening independence and aligning with international best practices among independent directors. In this blog post, we'll address five common questions and concerns related to these proposed term limits.

Q What are the proposed term limits for independent directors?

The SEC proposes fixed three-year terms with a maximum cumulative tenure of nine years. This means that independent directors will have a set term limit, ensuring they maintain their independence without overstaying their welcome.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.