(b) The requirement is to identify the item that is not a
statutory requirement for publicly held corporations registered
with the SEC. Answer (b) is correct because there is no requirement
to have a compensation expert on the compensation
committee. Answers (c) and (d) are incorrect because they are
requirements of the Sarbanes-Oxley Act. Answer (a) in incorrect
because it is a requirement of the Dodd-Frank Act.