Inside Nasdaq's Proposed Shareholder Approval Rules
December 15, 2015
Nasdaq Inc. announced that it is soliciting public comments on whether and how to update shareholder approval rules for companies listed on the Nasdaq Stock Market on Nov. 18, 2015. Nasdaq is accepting comments through Feb. 15, 2016.
The current Nasdaq Stock Market rules requiring shareholder approval were adopted in 1990 and Nasdaq believes that modifications are now necessary as times have changed with respect to corporate governance; specifically, other overall investor protections are in place today and companies may, as a result, face unreasonable burdens when also seeking to comply with current Nasdaq Stock Market shareholder approval requirements.
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