On Friday, the SEC approved NASDAQ rules that require its listed companies to publicly disclose compensation or other payments by third parties to board members or nominees.
NASDAQ made two amendments to the original rule proposal. We previously discussed the first amendment here. On June 30, 2016, NASDAQ filed a second amendment to the proposal, which replaced the proposal in its entirety and contains the version of the rules that the SEC approved.
Unfortunately, Amendment No. 2, which made several clarifying changes and is dated June 30, is not yet available on NASDAQ’s site for rule filings and is not part of the SEC approval order, so that the full text of the changed rules cannot be examined.