What is the NASDAQ Listing and Hearing Review Council?
The NASDAQ Listing and Hearing Review Council (Listing Council) is a standing independent advisory committee appointed by the Board of Directors of The NASDAQ Stock Market LLC to provide advice to the Board on issues relating to listed companies, consistent with the Board’s core responsibility of seeking independent, outside advice. The Listing Council also hears appeals of decisions to delist or deny initial listing to a company. The Listing Council was established nearly 20 years ago and NASDAQ is the only exchange with a permanent advisory body of this type. The charter of the Listing Council outlines its role and responsibilities. Members come from diverse constituencies including institutional investor advocates, company representatives, lawyers, accountants, securities industry professionals and academics.
