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Frequently Asked Questions
  What is the applicable cure period when a Company becomes non-compliant with the audit committee composition requirement because a director does not stand for re-election at the annual shareholders meeting?
Identification Number 1042
When a company becomes non-compliant with the audit committee composition requirement because of a vacancy created when a director does not stand for re-election, the company generally is afforded a cure period until the earlier of the company's next annual meeting or one year from the anniversary of the meeting causing non-compliance.  A company that finds itself in this situation must contact Listing Qualifications as soon as it is aware of the issue.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 1042
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