Page 10 - Global Select News Today

To embed, copy and paste the code into your website or blog: Following the lead of California, Illinois and other states, Nasdaq, which is home to some of the largest companies in the world including Amazon, Google and Facebook, may require diversity on the board of directors of those companies. Earlier this month, Nasdaq submitted to the Securities and Exchange Commission (SEC) its proposal to require at least two diverse board members and certain disclosure requirements on the 3,000+ public c...

the rule Nasdaq Capital Market the rule Phase-in Period Under the proposed rule, a newly-listed company that was not previously subject to a substantially similar requirement of another national securities exchange would be allowed one year from the date of listing to satisfy the requirements. This “phase-in” period would apply to companies listing in connection with an initial public offering, a direct listing, a transfer from another exchange or the over-the-counter market, or throu...