Can a foreign private issuer opt to comply with domestic corporate governance criteria?
Yes, if a foreign private issuer chooses to voluntarily comply with the NYSE domestic corporate governance standards, they may do so. However, the foreign private issuer must still comply with Section 303A.11, even if the company only states in its annual report to shareholders that there are no significant differences in its corporate governance practices. If a foreign private issuer wishes to state that there are no differences to disclose, the company must be in full compliance with all of the requirements of Section 303A.
Related Questions
- What notification is required to be submitted to NASDAQ when a foreign private issuer relies on an exemption to the corporate governance requirements?
- How do the corporate governance requirements of Marketplace Rule 4350 apply to foreign private issuers?
- Can a foreign private issuer opt to comply with domestic corporate governance criteria?
