Tag Archives: Nasdaq

Tesla’s Governance Challenges: Navigating the Complex Intersection of Relationships and Fiduciary Duties

Amelia White – On January 30, 2024, a Delaware judge struck down Elon Musk’s compensation package of $56 billion, criticizing the close relationships between Tesla’s board of directors and Musk’s influence over them. Boards must be largely independent to be publicly traded on Nasdaq. Nasdaq defines an independent director as someone “who is not an […]

Photo by UN Women/Ryan Brown via Flickr.

SEC Approves Nasdaq’s Proposal to Increase Board Diversity

Alexa Rosen – Made effective on August 6, 2021, by the U.S. Securities and Exchange Commission (“SEC”), the Nasdaq Stock Market (“Nasdaq”) will now require each Nasdaq-listed company, subject to certain exceptions, to have at least two diverse board members or explain why it does not.  The following article provides a brief overview of the rule, […]