Does NASDAQ provide interpretative material regarding its corporate governance rules?
Yes. To provide transparency regarding our rules and policies, NASDAQ offers interpretative and explanatory materials, designated as “IM”, as part of its Listing Rules. For example, IM-5605 provides interpretative material about the definition of an independent director and IM-5635-1 provides interpretative material about the requirement to obtain shareholder approval for stock option plans or other equity compensation arrangements. NASDAQ also publishes anonymous versions of its Staff Interpretative Letters. All interpretative letters are based on the facts and circumstances arising in the particular matter and are based on NASDAQ’s rules and policies in effect at the time the letter was issued. Finally, NASDAQ has over 250 Frequently Asked Questions regarding our corporate governance rules and policies.
Related Questions
- Is a company required to notify NASDAQ when it becomes non-compliant with one of the corporate governance rules, as set forth under Listing Rule 5600 Series?
- Is a company required to notify NASDAQ when it becomes noncompliant with one of the corporate governance rules, as set forth under Listing Rule 5600 Series?
- Does NASDAQ provide interpretative material regarding its corporate governance rules?
