The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) today announced it has formed a strategic alliance with Equilar to provide its listed companies with information, products and tools to analyze, benchmark and disclose executive and board member compensation.
Equilar is the leading independent provider of executive and board compensation analysis.
The alliance furthers NASDAQ's strategy to provide its listed companies with a full suite of corporate governance services. NASDAQ companies can now more easily procure integrated web-based tools and databases to analyze executive pay and equity awards; analyze trends in equity plans; and identify examples of companies adopting the proposed SEC executive compensation disclosure changes.
Bruce Aust, Executive Vice President of the NASDAQ Corporate Client Group, said, "NASDAQ endeavors to provide its companies with services that will help them to stay abreast of current, best-in-class governance practices and disclosure. Equilar is considered the gold standard in executive and director compensation. They bring ease, efficiency and valuable information to the compensation process and to evolving disclosure requirements."
David Chun, CEO of Equilar, commented, "Equilar's solutions tie closely to NASDAQ's goals of transparency and information flow. Through NASDAQ we can put important information about developments in compensation directly in the hands of public companies."