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Do related party transactions have to be approved by the audit committee or a comparable body?

April 26, 2017Approved audit body committee comparable party transactions

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Do related party transactions have to be approved by the audit committee or a comparable body?

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Related party transactions must be reviewed, but the rule does not require such transactions to be approved by the audit committee or a comparable body. Please note that SEC rules relating to executive compensation and related party disclosure require a company to disclose its policies and procedures regarding related party transactions.