NYSE Establishes Advisory Committee to Study U.S. Corporate Governance Practices
News broke over the last couple of days that the New York Stock Exchange has established an advisory committee to analyze corporate governance practices in the United States. Specifically, it sounds like a couple of the major issues to be on the advisory committee’s plate will be the proxy process and improve nationwide governance standards.
Here is a small smattering of article related to the new NYSE governance committee:
NYSE Forms Governance Commission To Study Proxy Process
“On the heels of the elimination of broker voting in director elections, the New York Stock Exchange has announced the creation of an independent advisory commission to examine U.S. corporate governance and the overall proxy process.
The advisory commission will be led by Larry Sonsini, chairman of the powerhouse law firm Wilson Sonsini Goodrich & Rosati, and will take a “comprehensive look at strengthening U.S. best practices for corporate governance and the proxy process,” according to a NYSE press release.”
>>>read entire article by Melissa Klein Aguilar at Compliance Week
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NYSE Proposes Changes To Corporate Governance Standards
The New York Stock Exchange has proposed a number of changes to its corporate governance standards under Section 303A of its listed company manual to clarify some disclosure requirements, codify some interpretations since the rules were enacted, and replace certain disclosure requirements of Regulation S-K.
If approved, the changes will take effect January 2010.
>>>read entire article by Melissa Klein Aguilar at Compliance Week
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NYSE addresses corporate governance best practice
The New York Stock Exchange (NYSE) has announced it is to form an independent advisory commission to take a comprehensive look at strengthening US best practices for corporate governance and the proxy process.
The advisory commission will be chaired by Larry Sonsini, chairman of Wilson, Sonsini, Goodrich & Rosati, who chaired the former proxy working group formed by the NYSE in 2005.
Other members will be announced soon, and will comprise experts in all aspects of corporate governance and the US proxy system so that a wide variety of perspectives can be collected, including those of public companies, shareholders, and institutional and individual investors.
>>>read entire article at OpRisk & Compliance
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NYSE commission to tackle corporate governance
“As an institution, we are uniquely positioned to bring together leading experts on important issues in order to create a constructive dialog in the financial community regarding corporate governance that will benefit issuers, investors and the overall market,” said Duncan Niederauer, CEO, NYSE Euronext. “The creation of this advisory commission is consistent with our mission to serve the investing public. We look forward to working with the advisory commission to achieve a better and more efficient governance and proxy process.”
>>>read entire article at Investment Executive
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NYSE Sets Up Governance Committee
The New York Stock Exchange is establishing an independent advisory commission to study U.S. corporate governance practices, Financial News reports. The panel of advisers will be chaired by Larry Sonsini, a Californian lawyer and adviser to technology companies.
>>>read entire article at EMII.com
Tags: best practices for corporate governance, corporate governance, NYSE, proxy process
