Tag: director conflict of interest

SEC approves Nasdaq proposal for golden leash disclosure

by Cydney Posner As discussed in this PubCo post and this PubCo post, in March, Nasdaq resubmitted to the SEC a proposal requiring listed companies to disclose third-party compensation of directors in connection with their candidacy for or service on company boards.  These “golden leash” arrangements are most common in connection […]

Nasdaq proposes “golden leash” disclosure, but will it prohibit the practice?

by Cydney Posner At the end of January, Nasdaq filed with the SEC a rule proposal related to third-party compensation of directors in connection with their candidacy for and/or service on company boards, often referred to as “golden leash” arrangements.  Golden leash arrangements are most common in connection with board nominations […]