I am trying to determine if, for 3 NYCRR Part 11, we need to include normal compensation (such as salary) for Director/Executive Officer Compensation? I'm specifically looking at the definition of a business transaction located at 3 NYCRR 11.1(c)(1)(vi). I know SEC Item 404 excludes salary from the calculations, but I'm not finding any concrete evidence that this regulation does. Any assistance would be greatly appreciated.
Last edited by Seastar; 03/21/11 06:55 PM.
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