The New York Stock Exchange has proposed a list of changes to its corporate governance standards as relate to disclosure requirements, according to Compliance Week. The new requirements would eliminate a redundancy in which a NYSE regulatory stipulation had already been adopted by the Securities and Exchange Commission. The rule, which applies to disclosure requirements for independent directors, is currently found in Section 303A of the NYSE’s manual; the SEC has enforced the same rule since 2006. The new rule proposal can be found here.
NYSE Wants New Governance Standards
A new proposal by the NYSE seeks to eliminate a redundancy in disclosure requirements.
September 3, 2009