Appointments And Elections

Appointments And Elections. Except in a transaction subject to Rule 8.12 which involves a change of control of a publicly traded corporation as a whole, an individual may be appointed or elected to a position described in Rules 8.20 or 8.21 without the prior approval of the Commission and may occupy the position and exercise the authority and duties thereof until otherwise ordered by the Commission. The Commission may impose stricter requirements, including a requirement of prior approval, on any publicly traded corporation or with respect to any individual at any time. (Adopted: 09/25/1991.)