Today the Securities and Exchange Commission announced the formation of a new Advisory Committee on Small and Emerging Companies.
The Committee, made up of nineteen voting members and two observer members, will provide advice and recommendations to the Commission on issues related to emerging privately held small businesses and publicly traded companies with market caps of less than $250 million.
Some of the issues the Committee will address include:
- capital raising through private and limited offerings and initial and other public offerings;
- trading in securities of emerging privately held small businesses and small publicly traded companies; and
- public reporting and corporate governance requirements.
The Committee will formally be established with the filing of its charter, fifteen days after publication of the Commission’s notice in the Federal Registrar, and will operate for a period of two years unless earlier terminated or renewed.
A final copy of the charter will be available on the Commission’s website, but below is the undated copy on file in the Federal Advisory Committees Database.
The Committee currently anticipates meeting at least three times each year.