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Directors Compensation Agreements

Kilpatrick

Nasdaq Requires Listed Company Disclosure of Third Party Compensation Agreements with Directors and Nominees

Kilpatrick on

Nasdaq has amended its listing rules to require listed companies to publicly disclose compensation or other payments by third parties to company directors or nominees for director. The new rule, which is designated as...more

Dorsey & Whitney LLP

NASDAQ Proposes Rule Requiring Disclosure of “Golden Leash” Arrangements

Dorsey & Whitney LLP on

On January 28, 2016, the NASDAQ Stock Market LLC proposed a change to its Listing Rules that, if implemented, would require NASDAQ-listed companies to publicly disclose so-called “golden leash” arrangements. “Golden leash”...more

Morrison & Foerster LLP

Special Compensation Arrangements with Dissident Director Nominees

Certain activist shareholders involved in proxy contests have offered special compensation (e.g., a fee for agreeing to be nominated on the activist’s slate or performance-related bonuses after election) to their director...more

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