Search Results for keywords:"non-U.S. companies"

The Nasdaq Stock Market LLC has proposed a rule change to allow non-U.S. companies to have lower quorum requirements for shareholder meetings when their home country's laws conflict with Nasdaq's minimum requirement. Currently, Nasdaq requires a quorum of at least 33 1/3% of voting shares for meetings, but some countries, like France, have laws that mandate a lower percentage. This proposal aims to prevent non-U.S. companies from having to choose between complying with Nasdaq rules or their local laws. With proper certification from an independent counsel, Nasdaq may accept these lower quorum requirements, ensuring non-U.S. companies can continue following their home country regulations without breaching Nasdaq's rules.

The New York Stock Exchange (NYSE) has proposed a change to its rules for listing companies from outside North America. This proposal would allow companies listing for the first time, that are not already on another stock exchange, to have their worldwide shareholders count towards the NYSE's stockholder requirements. The intention is to make it easier for international companies to list on the NYSE and to enhance competition with Nasdaq. The Securities and Exchange Commission (SEC) is reviewing this proposal to ensure it protects investors and maintains market integrity. They are inviting public comments to help decide on approval.