Time
9 days remaining
Snapshot
#2,811,999
quorum
10%
Approval
Advisory
Proposed By
Hodler
Record Date
Feb 14, 2026
Meeting Type
Special Meeting
SUBMITTED BY: Hodler GA3d8bc4e1a5 (holding 500 nTSLA tokens)
RESOLVED: That shareholders request the Board to adopt a policy requiring the positions of CEO and Board Chair to be held by separate individuals, with the Chair being an independent director.
SUPPORTING STATEMENT:
Combining the CEO and Board Chair roles creates a structural conflict of interest. The Board’s primary role is to oversee management — but when the CEO also chairs the Board, oversight is weakened.
Key governance research supports this separation:
- ISS (Institutional Shareholder Services) considers CEO/Chair separation a governance best practice
- Glass Lewis recommends independent board leadership as a default
- 57% of S&P 500 companies have separated the roles (2025 data)
Nexbridge currently combines both roles under CEO David Park. While Mr. Park has demonstrated capable leadership, we believe independent board leadership would:
- Strengthen board oversight of management decisions
- Improve accountability to token hodlers
- Align Nexbridge with institutional governance standards
- Enhance credibility with traditional finance participants
This is an advisory shareholder proposal. Non-binding.
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Non-binding advisory vote. The result is non-binding but the Board considers hodler sentiment in its decisions.
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