Nasdaq OMX (NDAQ) Calls for Proxy-Advisory Transparency
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Nasdaq OMX Group, Inc. (Nasdaq: NDAQ) petitioned the SEC to address a "lack of transparency" and potential conflict of interest among proxy-advisory firms. The Nasdaq asked the SEC to require firms to disclose all models, formulas, methodologies used for making recommendations for shareholder votes. Nasdaq also wants proxy firms to disclose relationships that may give rise to conflict of interests.
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