Tag: director conflict of interest golden leash arrangements, NASDAQ, proxy access proposals, third-party compensation of directors

That was quick — proxy access test drive hits a wall

by Cydney Posner You probably recall that, on November 9, 2016, GAMCO Asset Management Inc. (entity affiliated with activist investor Mario Gabelli) and certain affiliates used the proxy access bylaws recently adopted at National Fuel Gas Company, an NYSE-listed diversified natural gas company, to nominate a candidate for election to the […]

Nasdaq resubmits proposal for disclosure of “golden leash” arrangements

by Cydney Posner On March 15, Nasdaq resubmitted its “golden leash” disclosure proposal to the SEC. As discussed in this Pubco post, the proposal, which originally was rejected on technical grounds, relates to third-party compensation of directors in connection with their candidacy for or service on company boards.  These “golden leash” […]