{"identifier":"/us/usc/t15/s78n\u20132","title":15,"num":"\u00a7\u202f78n\u20132.","heading":"Corporate governance","text":"\u00a7\u202f78n\u20132.\nCorporate governance\nNot later than 180 days after\n(1) the same person to serve as chairman of the board of directors and chief executive officer (or in equivalent positions); or\n(2) different individuals to serve as chairman of the board of directors and chief executive officer (or in equivalent positions of the issuer).","url":"https://projectusc.org/usc/t15/s78n\u20132.html","content":[{"t":"sec","id":"/us/usc/t15/s78n\u20132","children":[{"t":"num","text":"\u00a7\u202f78n\u20132."},{"t":"heading","text":"Corporate governance","tail":"\n"},{"t":"chapeau","text":"Not later than 180 days after ","children":[{"t":"text","text":"July 21, 2010","tail":", the Commission shall issue rules that require an issuer to disclose in the annual proxy sent to investors the reasons why the issuer has chosen\u2014"}]},{"t":"para","id":"/us/usc/t15/s78n\u20132/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the same person to serve as chairman of the board of directors and chief executive officer (or in equivalent positions); or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s78n\u20132/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" different individuals to serve as chairman of the board of directors and chief executive officer (or in equivalent positions of the issuer).","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}