Third Party Payments - Board Services Nasdaq would like to better understand public opinion on the subject of director compensation by third parties. Please answer this brief survey below. This survey will be open through March 18, 2016. Question Title 1. Should Nasdaq adopt a listing standard to prohibit directors from serving on boards if they receive compensation from third parties for board service? Yes No Comments Question Title 2. If yes, should such a prohibition encompass payments received by a director prior to appointment to a board, e.g., reimbursement for director candidacy fees or other payments? Yes No Comments Question Title 3. Would such a prohibition help assure that directors act in the best interests of shareholders? Yes No Comments Question Title 4. Would a listing standard that prohibited directors from serving on boards if they receive compensation from third parties for board service create unnecessary burdens on: Yes No Listed companies? Listed companies? Yes Listed companies? No Investors in listed companies? Investors in listed companies? Yes Investors in listed companies? No Directors of listed companies? Directors of listed companies? Yes Directors of listed companies? No Comments Question Title 5. If Nasdaq does not adopt an absolute prohibition on third party compensation of directors, should Nasdaq adopt a listing standard that a director who receives such payments would not be considered independent under Nasdaq’s rules? Yes No Comments Question Title 6. Would a listing standard that precluded directors who receive such payments from being considered independent under Nasdaq’s rules create unnecessary burdens on: Yes No Listed companies? Listed companies? Yes Listed companies? No Investors in listed companies? Investors in listed companies? Yes Investors in listed companies? No Directors of listed companies? Directors of listed companies? Yes Directors of listed companies? No Comments Question Title 7. Your Name Question Title 8. Your Organization Question Title 9. Your Affiliation Listed Company Representative / Advisor Investor / Investor Advisor Other (please specify) Thanks for participating in this survey. Submit