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Nasdaq Requests Comments for Shareholder Approval Rules

NEW YORK, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today announced that The Nasdaq Stock Market ("Nasdaq") is soliciting public comments as to whether and how to update and improve its shareholder approval rules.

Nasdaq's shareholder approval rules provide crucial investor protections. However, since these important rules were adopted 25 years ago, the capital markets and securities laws, as well as the nature and type of share issuances, have evolved significantly. Over that time other investor protection mechanisms have been put in place, including, for example, requirements for majority independent boards and stronger corporate governance practices by listed companies. As a...