AZL 0.00% 1.8¢ arizona lithium limited

AZL General Discussion, page-17324

  1. 3,091 Posts.
    lightbulb Created with Sketch. 217
    Since AZL likes to hint at seeking a Nasdaq listing, how many people see the company meeting the following requirements in, say, the next decade?

    Distribution of Annual or Interim Reports
    The company must make its annual and interim reports available to shareholders, either by mail or electronically through the company's website.
    Independent Directors
    The company's board of directors is required to have a majority of independent directors.
    Audit Committee
    The company is required to have an audit committee consisting solely of independent directors who also satisfy the requirements of SEC Rule 10A-3 and who can read and understand fundamental financial statements. The audit committee must have at least three members. One member of the audit committee must have experience that results in the individual's financial sophistication.
    Compensation of Executive Officers
    The company is required to have a compensation committee consisting solely of independent directors and having at least two members. In addition, Rule 5605(d)(2)(A) includes an additional independence test for compensation committee members. The compensation committee must determine, or recommend to the full board for determination, the compensation of the chief executive officer and all other executive officers.
    Nomination of Directors
    Independent directors must select or recommend nominees for directors.
    Board Diversity
    The company must have, or explain why it does not have, at least two members of its board of directors who are Diverse, including (i) at least one Diverse director who self identifies as Female; and (ii) at least one Diverse director who self-identifies as an Underrepresented Minority or LGBTQ+.
    Shareholder Approval
    Shareholder approval rules generally require companies to obtain approval from shareholders prior to issuing securities in connection with: (i) certain acquisitions of the stock or assets of another company; (ii) equity-based compensation of officers, directors, employees or consultants; (iii) a change of control; and (iv) a 20% Issuance at a price less than the Minimum Price
 
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