Nasdaq Applauds Signing of Senate Bill 29, Strengthening Texas’ Standing as a National Leader in Corporate Governance and Innovation
Nasdaq (NDAQ) has expressed strong support for Texas Senate Bill 29, which was signed into law by Governor Abbott. The legislation codifies the Business Judgment Rule and aims to enhance predictability in corporate governance litigation. Nasdaq's Executive Vice Chairman Ed Knight participated in the signing ceremony alongside Texas officials.
The bill strengthens Texas' position as a hub for corporate formation and business growth. Notably, Nasdaq has announced a new regional headquarters in Dallas and currently hosts over 200 Texas-based listed companies. The company generates more than $750 million in revenues in Texas and the Southeast region, partnering with approximately 800 Texas-based clients out of 2,000 total regional clients.
Nasdaq (NDAQ) ha manifestato un forte sostegno al Texas Senate Bill 29, firmato in legge dal Governatore Abbott. La legislazione codifica la Business Judgment Rule e mira a migliorare la prevedibilità nelle controversie sulla governance aziendale. Ed Knight, Vice Presidente Esecutivo di Nasdaq, ha partecipato alla cerimonia di firma insieme ai rappresentanti del Texas.
Il disegno di legge rafforza la posizione del Texas come centro per la costituzione di imprese e la crescita economica. In particolare, Nasdaq ha annunciato una nuova sede regionale a Dallas e attualmente ospita oltre 200 società quotate con sede in Texas. L'azienda genera più di 750 milioni di dollari di ricavi in Texas e nella regione Sud-Est, collaborando con circa 800 clienti texani su un totale di 2.000 clienti regionali.
Nasdaq (NDAQ) ha expresado un fuerte apoyo al Proyecto de Ley 29 del Senado de Texas, que fue promulgado por el Gobernador Abbott. La legislación codifica la Regla de Juicio Empresarial y busca mejorar la previsibilidad en litigios de gobernanza corporativa. Ed Knight, Vicepresidente Ejecutivo de Nasdaq, participó en la ceremonia de firma junto a funcionarios de Texas.
El proyecto fortalece la posición de Texas como un centro para la formación de empresas y el crecimiento empresarial. Notablemente, Nasdaq ha anunciado una nueva sede regional en Dallas y actualmente alberga más de 200 compañías listadas con sede en Texas. La compañía genera más de 750 millones de dólares en ingresos en Texas y la región Sureste, asociándose con aproximadamente 800 clientes texanos de un total de 2,000 clientes regionales.
나스닥(NDAQ)은 텍사스 주지사 애보트가 서명한 텍사스 상원 법안 29호를 강력히 지지한다고 밝혔습니다. 이 법안은 비즈니스 판단 원칙(Business Judgment Rule)을 법제화하며 기업 거버넌스 소송의 예측 가능성을 높이는 것을 목표로 합니다. 나스닥의 에드 나이트 부회장은 텍사스 관계자들과 함께 서명식에 참여했습니다.
이 법안은 텍사스를 기업 설립과 비즈니스 성장의 중심지로서의 입지를 강화합니다. 특히, 나스닥은 댈러스에 새로운 지역 본부를 설립했으며 현재 텍사스에 본사를 둔 상장 기업 200개 이상을 보유하고 있습니다. 이 회사는 텍사스 및 동남부 지역에서 7억 5천만 달러 이상의 수익을 창출하며, 총 2,000개의 지역 고객 중 약 800개의 텍사스 기반 고객과 협력하고 있습니다.
Nasdaq (NDAQ) a exprimé un fort soutien au projet de loi 29 du Sénat du Texas, qui a été signé par le gouverneur Abbott. Cette législation codifie la Business Judgment Rule et vise à améliorer la prévisibilité dans les litiges relatifs à la gouvernance d'entreprise. Ed Knight, vice-président exécutif de Nasdaq, a participé à la cérémonie de signature aux côtés des responsables texans.
Le projet de loi renforce la position du Texas en tant que centre de création d'entreprises et de croissance économique. Notamment, Nasdaq a annoncé une nouvelle siège régional à Dallas et accueille actuellement plus de 200 entreprises cotées basées au Texas. L'entreprise génère plus de 750 millions de dollars de revenus au Texas et dans la région du Sud-Est, collaborant avec environ 800 clients texans sur un total de 2 000 clients régionaux.
Nasdaq (NDAQ) hat seine starke Unterstützung für den Texas Senate Bill 29 zum Ausdruck gebracht, der vom Gouverneur Abbott unterzeichnet wurde. Die Gesetzgebung kodifiziert die Business Judgment Rule und zielt darauf ab, die Vorhersehbarkeit in Rechtsstreitigkeiten zur Unternehmensführung zu verbessern. Ed Knight, Executive Vice Chairman von Nasdaq, nahm an der Unterzeichnungszeremonie zusammen mit texanischen Beamten teil.
Das Gesetz stärkt die Position von Texas als Zentrum für Unternehmensgründungen und Geschäftswachstum. Bemerkenswert ist, dass Nasdaq eine neue regionale Hauptniederlassung in Dallas angekündigt hat und derzeit über 200 in Texas ansässige börsennotierte Unternehmen beherbergt. Das Unternehmen erwirtschaftet mehr als 750 Millionen US-Dollar Umsatz in Texas und der Südostregion und arbeitet mit etwa 800 texanischen Kunden von insgesamt 2.000 regionalen Kunden zusammen.
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Insights
SB 29 strengthens Texas' business-friendly legal framework, potentially attracting more corporate headquarters and benefiting Nasdaq's regional growth strategy.
Texas Senate Bill 29 represents a significant development in corporate governance by formally codifying the Business Judgment Rule into state law. This legal doctrine provides a crucial shield for corporate directors, protecting their business decisions from judicial second-guessing when made in good faith, with due care, and in the company's best interests. By creating this statutory protection, Texas has established a more predictable litigation environment for corporations, effectively reducing legal uncertainty and potential exposure for board members.
The legislation aligns Texas with Delaware's well-established corporate governance framework, which has historically attracted the majority of public company incorporations. This strategic move positions Texas as a competitive alternative jurisdiction for company formations and headquarters relocations. For corporations, this means potentially lower litigation costs, increased decision-making confidence for boards, and a more business-friendly legal environment.
Nasdaq's strong endorsement of this legislation is noteworthy given their significant presence in Texas, where they list over 200 headquartered companies and generate
The bill represents a deliberate policy shift to enhance Texas' attractiveness for corporate formation and investment, essentially creating a Delaware-like governance environment in a state that already offers tax advantages and lower regulatory burdens.
AUSTIN, Texas, May 14, 2025 (GLOBE NEWSWIRE) -- Today, Nasdaq issued a statement in support of Texas Senate Bill 29 after Governor Abbott signed the bill into law. This legislation, which codifies the Business Judgment Rule and promotes predictability in corporate governance litigation, enhances Texas’ competitiveness as a jurisdiction for incorporation and business growth. Nasdaq's Executive Vice Chairman Ed Knight joined Governor Abbott, leadership from the Texas legislature, and other Texas business community leaders for the signing ceremony.
“Senate Bill 29 is a milestone for corporate governance in Texas. By embracing smart, innovation-focused regulation like SB 29, Texas is showing the world what it means to lead on economic growth and modern, clear governance principles,” said Ed Knight, Executive Vice Chairman of Nasdaq. “We commend Senator Bryan Hughes, Representative Morgan Meyer, and Governor Greg Abbott for advancing legislation that strengthens Texas’ position as a global center for capital formation.”
Texas has become a national model for innovation-driven policy that balances economic growth with investor confidence. The passage of SB 29 aligns with Nasdaq’s mission to promote fair, efficient, and accessible capital markets, and reinforces Texas as a destination for corporate formation and public company investment. Nasdaq has a longstanding history of advocating for clients by minimizing the complexity associated with navigating the public markets. Its efforts for corporate issuers encompass addressing issues such as the SEC’s proposed climate disclosure rules, cyber disclosure rules, proxy advisory reform, AI regulation, PCAOB reforms, and emerging growth company timelines.
“At Nasdaq, we are honored to have been part of the Texas community for nearly two decades” said Rachel Racz, Senior Vice President, Head of Listings for Texas, Southern U.S. and Latin America at Nasdaq. “We remain committed to advocating for our clients on both a federal and local level and supporting the bold Texas leadership that continues to power our state's dynamic economy.”
Nasdaq’s presence in Texas continues to expand. The company recently announced the opening of a new regional headquarters in Dallas, serving as a Southeast hub and convening space for its Texas-based clients. Nasdaq currently is home to over 200 listed companies headquartered in the state and generates over
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