Corporate Executive Responsibility Act of 2002

Corporate Executive Responsibility Act of 2002 - Mandates that every national securities exchange and national securities association adopt rules requiring qualitative listing standards for corporate governance of the exchange or association that prohibit loans or other extensions of credit to any corporate insider exceeding $50,000 in the aggregate.

Requires the Securities and Exchange Commission to initiate proceedings to add such rules to the rules of such entities if they have not been adopted and made effective nine months after the date of enactment of this Act.