Does NASDAQs shareholder approval requirement for equity compensation plans or arrangements apply to foreign private issuers?
Yes. NASDAQ’s shareholder approval requirement for equity compensation plans or arrangements applies to foreign private issuers. However, a foreign private issuer may follow its home country practice in lieu of this requirement if it follows the process described in Listing Rule 5615(a)(3). Please see Non-U.S. Companies for additional information regarding this process.
Related Questions
- NASDAQ adopted its current rules regarding shareholder approval of equity compensation plans on June 30, 2003. Do plans adopted prior to that date require additional shareholder approval?
- Does NASDAQs shareholder approval requirement for equity compensation plans or arrangements apply to foreign private issuers?
- Is NASDAQs requirement for shareholder approval of equity compensation plans or arrangements applicable to initial listings?
