SEC Approves Nasdaq’s Revised Corporate Governance Rules
The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s proposed revisions to its corporate governance rules, specifically targeting the phase-in schedules for Independent Directors and committee requirements under various scenarios.
FPIs may be given three months to reduce concentrated exposure
Foreign portfolio investors (FPIs) who want to avoid making additional public disclosures will probably be given a less lengthy deadline to reduce their interests than the capital market regulator had initially anticipated.
