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Frequently Asked Questions
  If a company is subject to a binding obligation requiring directors to be selected in a manner contrary to Listing Rule 5605(e), does it need a nominating committee?
Identification Number 155
If the binding obligation pre-dates November 3, 2003, when Nasdaq first adopted the requirement for independent directors to make nominations, the Rule is not applicable to the company and the company need not have a nominating committee.  
Publication Date*: 7/31/2012 Mailto Link Identification Number: 155
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