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SEC Approves New Nasdaq Rule 5250(b): Disclosure of “Golden Leash” Arrangements

By Frank Zarb on July 13, 2016

The SEC recently released an order (available here) approving new Nasdaq listing standard 5250(b)(3), which will require a public issuer to disclose cash and non-cash remuneration (e.g., health insurance, indemnification) that a third party has agreed to pay a director on (or director nominee for) the issuer’s board of…

Posted in Proxy Disclosure, SEC
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