Per the Sarbanes-Oxley Act of 2002,public corporations must establish a compensation committee to determine how its top executives will be compensated.

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This is a requirement under the Sarbanes-Oxley Act of 2002, which aims to increase corporate transparency and accountability. The compensation committee must be comprised of independent directors and is responsible for approving and disclosing executive compensation plans.

Per the Sarbanes-Oxley Act of 2002,public Corporations Must Establish a Compensation