Can the chairman of a NASDAQ-listed company also be the chairman of another company?
<p>I am looking to find out if a <strong>chairman</strong> of a <strong>NASDAQ-listed</strong> company can serve <strong>another</strong> company as the <strong>chairman</strong>. Please cite all sources used, so that I may reference and personally check. I looked through the NASDAQ policies and rules but was unable to find anything. </p>

<p>Nothing is going to explicitly say that this is authorized — it's allowed because it isn't forbidden by any of the following:</p>

<ul>
<li>The Dodd-Frank Act  </li>
<li>Sarbanes-Oxley</li>
<li>The Securities Exchange Act (1934)  </li>
<li>The SEC rules  </li>
<li>The specific NASDAQ listing standards</li>
</ul>

<p>NASDAQ (and NYSE) has requirements for independent directors and committees (from outside of management), but it doesn't forbid a person from serving on multiple boards of directors of listed companies, as chairperson or otherwise. </p>

<p>If the companies are competitors or have trade secrets they need to keep from each other, etc, then the conflict of interest could prevent serving on both boards. </p>

corporate-law