Steve Quinlivan Quoted in Story on Nasdaq's 'Golden Leash' Rule
Corporate attorney Steve Quinlivan was quoted by Agenda magazine in a recent story on Nasdaq's new "golden leash" disclosure rule.
Nasdaq listed companies must disclose the material terms and arrangements between a director and any person or entity other than the company relating to compensation or other payments in connection with the director's candidacy or board service. Nasdaq provided examples like health insurance premiums.
The rule is intended to spell out additional details of compensation paid to activist-nominated directors who serve on boards, including whether they are paid with golf club membership, car allowances and opera tickets. These third party compensation arrangements are highly controversial.
Steve has done a lot of writing on golden leashes. The article quotes him as saying, "A 'golden leash' is one of those terms that is easy to throw around but a lot of this is in the eye of the beholder."
Steve is a partner in the firm's Minneapolis office and frequent contributor to the firm's Dodd-Frank.com blog. He practices primarily in the areas of mergers and acquisitions, REITs, sports law, securities and international transactions. He also has significant experience counseling boards of directors in corporate governance and liability-related issues.
Read the full article, "Spotlight on 'Golden Leash' Pay, Perks."