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This excerpt taken from the NDAQ 8-K filed Mar 3, 2008. Board Representation As long as Borse Dubai maintains at least one-half of its initial 19.99% ownership of Nasdaq, Borse Dubai will be entitled to propose for nomination two directors for election to Nasdaq’s Board of Directors, and Nasdaq will use its reasonable best efforts to ensure that one designee of Borse Dubai will be appointed to the Audit, Executive, Finance, and Management Compensation committees of Nasdaq’s Board of Directors and that one designee of Borse Dubai will be appointed to the Nominating Committee of Nasdaq’s Board of Directors, in each case subject to applicable law, regulation, stock exchange listing standard or committee composition standard. As long as Borse Dubai maintains at least 25% of its initial 19.99% investment, Borse Dubai will be entitled to nominate one director for election to Nasdaq’s Board of Directors, but will have no right to appoint members of any committees of Nasdaq’s Board of Directors. |
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