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Frequently Asked Questions
  Does Nasdaq have requirements for listed companies regarding the composition of the board of directors?
Identification Number 143
Listing Rule 5605(b)(1) requires most Nasdaq-listed companies to have a majority of independent directors on the board of directors. A listed company, other than a Foreign Private Issuer, is required to comply with the disclosure requirements set forth in Item 407(a) of Regulation S-K. A Foreign Private Issuer is required to disclose in its annual report on Form 20-F or Form 40-F those directors that the company's board of directors has determined to be independent under Listing Rule 5605(a)(2). Please see IM-5605 Definition of Independence - Listing Rule 5605(a)(2) and IM-5605-1 Majority Independent Board.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 143
material_search_footer*The Publication Date reflects the date of first inclusion in the Reference Library, which was launched on July 31, 2012, or a subsequent update to the material. Material may have been previously available on a different Nasdaq web site.
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