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Frequently Asked Questions
  Under what circumstances is a cure period provided for corporate governance deficiencies?
Identification Number 114
If a company fails to comply with the independent audit committee or majority independent board requirement due to one vacancy, or because one director ceases to be independent due to circumstances beyond the director's reasonable control, the company is provided a cure period until the earlier of its next annual meeting or one year from the occurrence of the event that caused the failure to comply. However, a company is provided a 180 day cure period if the next annual meeting occurs less than 180 days after the event that caused the failure to comply.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 114
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