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    "Lead Independent Director" Or "Presiding Director"?

    Neither California nor Nevada require that a corporation have either a "lead independent director" or "presiding director" and yet many corporations state that they have such a position.  Why?

    Regulation S-K, listing manual, NYSE, presiding director, Rule 303A.03, Corporate Governance, Item 407, lead independent director

    Qualification Of Offers And Sales Of Non-Voting Common Stock Is No Snap In California

    In March, Snap Inc. announced that it and the selling stockholders had sold of 230 million shares of Class A Common Stock to the public at an initial public offering price of $17.00 per share.  The gross proceeds of the offering to the company and...

    California Securities Laws, 10 CCR Section 260.140.1, non voting common stock, NYSE, preemption, Section 25100(o), Bernard Sharfman, Hazel Bradford, Snap Inc., Stephen Bainbridge