Tagged: Board Fees

SEC Approves NASDAQ Rule Requiring Disclosure of “Golden Leash” Arrangements

SEC Approves NASDAQ Rule Requiring Disclosure of “Golden Leash” Arrangements

Do your directors have a “golden leash”? If so, NASDAQ-listed companies will be required to publicly disclose those arrangements as a result of newly adopted rules. “Golden leash” arrangements are compensation arrangements between activist shareholders and their director nominee in connection with his or her service on, or candidacy for, a company’s board of directors, usually in connection with a proxy fight. In a typical...