Sunshine Act Meetings; OPIC Annual Public Hearing, 43618 [2012-18261]
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43618
Federal Register / Vol. 77, No. 143 / Wednesday, July 25, 2012 / Notices
Signed at Washington, DC on July 20, 2012.
David Michaels,
Assistant Secretary of Labor for Occupational
Safety and Health.
[FR Doc. 2012–18174 Filed 7–24–12; 8:45 am]
BILLING CODE 4510–26–P
OVERSEAS PRIVATE INVESTMENT
CORPORATION
Sunshine Act Meetings; OPIC Annual
Public Hearing
2:00 p.m., Thursday,
September 6, 2012.
PLACE: Offices of the Corporation,
Twelfth Floor Board Room, 1100 New
York Avenue NW., Washington, DC.
STATUS: Hearing OPEN to the Public at
2:00 p.m.
PURPOSE: Annual Public Hearing to
afford an opportunity for any person to
present views regarding the activities of
the Corporation.
TIME AND DATE:
srobinson on DSK4SPTVN1PROD with NOTICES
Procedures
Individuals wishing to address the
hearing orally must provide advance
notice to OPIC’s Corporate Secretary no
later than 5:00 p.m., Wednesday, August
29, 2012. The notice must include the
individual’s name, title, organization,
address, and telephone number, and a
concise summary of the subject matter
to be presented.
Oral presentations may not exceed ten
(10) minutes. The time for individual
presentations may be reduced
proportionately, if necessary, to afford
all participants who have submitted a
timely request an opportunity to be
heard.
Participants wishing to submit a
written statement for the record must
submit a copy of such statement to
OPIC’s Corporate Secretary no later than
5:00 p.m., Wednesday, August 29, 2012.
Such statement must be typewritten,
double-spaced, and may not exceed
twenty-five (25) pages.
Upon receipt of the required notice,
OPIC will prepare an agenda for the
hearing identifying speakers, setting
forth the subject on which each
participant will speak, and the time
allotted for each presentation. The
agenda will be available at the hearing.
A written summary of the hearing will
be compiled, and such summary will be
made available, upon written request to
OPIC’s Corporate Secretary, at the cost
of reproduction.
CONTACT PERSON FOR INFORMATION:
Information on the hearing may be
obtained from Connie M. Downs at (202)
336–8438, via email at
VerDate Mar<15>2010
17:49 Jul 24, 2012
Jkt 226001
connie.downs@opic.gov, or via facsimile
at (202) 408–0297.
SUPPLEMENTARY INFORMATION: OPIC is a
U.S. Government agency that provides,
on a commercial basis, political risk
insurance and financing in friendly
developing countries and emerging
democracies for environmentally sound
projects that confer positive
developmental benefits upon the project
country while creating employment in
the U.S. OPIC is required by section
231A(c) of the Foreign Assistance Act of
1961, as amended (the ‘‘Act’’) to hold at
least one public hearing each year.
Dated: July 23, 2012.
Connie M. Downs,
OPIC Corporate Secretary.
[FR Doc. 2012–18261 Filed 7–23–12; 4:15 pm]
BILLING CODE 3210–01–P
RAILROAD RETIREMENT BOARD
Sunshine Act Meetings
Notice is hereby given that the
Railroad Retirement Board will hold a
meeting on August 8, 2012, 10:00 a.m.
at the Board’s meeting room on the 8th
floor of its headquarters building, 844
North Rush Street, Chicago, Illinois
60611. The agenda for this meeting
follows:
Portion Open to the Public
(1) Executive Committee Reports.
(2) Proposal to Coordinate Additional
Fact-Finding with Social Security
Administration.
The person to contact for more
information is Martha P. Rico, Secretary
to the Board, Phone No. 312–751–4920.
Dated: July 20, 2012.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2012–18262 Filed 7–23–12; 4:15 pm]
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–67468; File No. SR–
NASDAQ–2012–062]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Order
Approving a Proposed Rule Change To
Modify Its Corporate Governance
Rules
July 19, 2012.
I. Introduction
On May 17, 2012, The NASDAQ
Stock Market LLC (‘‘Nasdaq’’ or
‘‘Exchange’’) filed with the Securities
Frm 00048
Fmt 4703
II. Description of the Proposal
Nasdaq’s listing rules generally
require that a listed company’s audit,
compensation and nominations
committees consist of ‘‘independent
directors,’’ 5 as defined in Nasdaq Rule
5605(a)(2). A director is specifically
prohibited from being considered
independent under certain
circumstances.6 For example, a director
who is currently, or during the prior
three years was, employed by the
company, or a director who is a family
member of an individual who is, or at
any time during the prior three years
was, employed as an executive officer 7
by the company, may not be considered
independent.8
Nasdaq’s listing rules also include an
exception (‘‘Exception’’) to permit a
listed company, under exceptional and
limited circumstances, with proper
disclosure, and under specified
conditions to allow one nonindependent director to serve on the
audit, compensation, or nominations
committee for up to two years.9
Currently, a listed company may not
utilize the Exception for a non1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See infra note 9 and accompanying text.
4 See Securities Exchange Act Release No. 67076
(May 30, 2012), 77 FR 33261 (SR–NASDAQ–2012–
062) (‘‘Notice’’).
5 See paragraphs (c)(2)(A), (d), and (e)(1)(B) of
Nasdaq Rule 5605.
6 See Nasdaq Rule 5605(a)(2).
7 ‘‘Executive Officer’’ means those officers
covered in Rule 16a–1(f) under the Act, 17 CFR
240.16a–1(f). See Nasdaq Rule 5605(a)(1).
8 A director is not, however, barred from being
independent if he or she has a family member
employed by the company, provided that the family
member is not an executive officer of the company.
See Nasdaq Rule 5605(a)(2)(C).
9 See paragraphs (c)(2)(B), (d)(3) and (e)(3) of
Nasdaq Listing Rule 5605. The Exception, however,
does not permit a listed company to appoint to its
audit committee a director who does not meet the
independence criteria set forth in Section 10A(m)(3)
of the Exchange Act, 15 U.S.C. 78j–1(m)(3), and
Rule 10A–3 thereunder, 17 CFR. 240.10A–3(b)(1).
See also Nasdaq Rule 5605(c)(2)(B)(ii).
2 17
BILLING CODE 7905–01–P
PO 00000
and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
modify an exception to Nasdaq Rule
5605 that allows a non-independent
director of a listed company to serve on
its audit committee, compensation
committee or nominations committee
under exceptional and limited
circumstances.3 The proposal was
published for comment in the Federal
Register on June 5, 2012.4 The
Commission received no comments on
the proposal. This order approves the
proposed rule change.
Sfmt 4703
E:\FR\FM\25JYN1.SGM
25JYN1
Agencies
[Federal Register Volume 77, Number 143 (Wednesday, July 25, 2012)]
[Notices]
[Page 43618]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-18261]
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OVERSEAS PRIVATE INVESTMENT CORPORATION
Sunshine Act Meetings; OPIC Annual Public Hearing
TIME AND DATE: 2:00 p.m., Thursday, September 6, 2012.
PLACE: Offices of the Corporation, Twelfth Floor Board Room, 1100 New
York Avenue NW., Washington, DC.
STATUS: Hearing OPEN to the Public at 2:00 p.m.
PURPOSE: Annual Public Hearing to afford an opportunity for any person
to present views regarding the activities of the Corporation.
Procedures
Individuals wishing to address the hearing orally must provide
advance notice to OPIC's Corporate Secretary no later than 5:00 p.m.,
Wednesday, August 29, 2012. The notice must include the individual's
name, title, organization, address, and telephone number, and a concise
summary of the subject matter to be presented.
Oral presentations may not exceed ten (10) minutes. The time for
individual presentations may be reduced proportionately, if necessary,
to afford all participants who have submitted a timely request an
opportunity to be heard.
Participants wishing to submit a written statement for the record
must submit a copy of such statement to OPIC's Corporate Secretary no
later than 5:00 p.m., Wednesday, August 29, 2012. Such statement must
be typewritten, double-spaced, and may not exceed twenty-five (25)
pages.
Upon receipt of the required notice, OPIC will prepare an agenda
for the hearing identifying speakers, setting forth the subject on
which each participant will speak, and the time allotted for each
presentation. The agenda will be available at the hearing.
A written summary of the hearing will be compiled, and such summary
will be made available, upon written request to OPIC's Corporate
Secretary, at the cost of reproduction.
CONTACT PERSON FOR INFORMATION: Information on the hearing may be
obtained from Connie M. Downs at (202) 336-8438, via email at
connie.downs@opic.gov, or via facsimile at (202) 408-0297.
SUPPLEMENTARY INFORMATION: OPIC is a U.S. Government agency that
provides, on a commercial basis, political risk insurance and financing
in friendly developing countries and emerging democracies for
environmentally sound projects that confer positive developmental
benefits upon the project country while creating employment in the U.S.
OPIC is required by section 231A(c) of the Foreign Assistance Act of
1961, as amended (the ``Act'') to hold at least one public hearing each
year.
Dated: July 23, 2012.
Connie M. Downs,
OPIC Corporate Secretary.
[FR Doc. 2012-18261 Filed 7-23-12; 4:15 pm]
BILLING CODE 3210-01-P