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SEC Bans Independent Directors from Becoming Executive Directors – Prescribes Three-Year Cooling-Off Period for CEOs Transitioning to Chairmen - FinancialEDGE

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SEC Bans Independent Directors from Becoming Executive Directors – Prescribes Three-Year Cooling-Off Period for CEOs Transitioning to Chairmen - FinancialEDGE
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The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group.