SEC Approves NYSE And NASDAQ Proposals Relating To Director Independence

Topics:
Investor Relations
Tags:
Akin Gump Strauss Hauer & Feld,
Board,
Business Operations,
Corporate Governance,
Corporate Law,
Director,
Nasdaq Stock Market Inc.,
New York Stock Exchange,
SEC
Source:
Akin Gump Strauss Hauer & Feld

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Overview: The Securities and Exchange Commission (SEC)has approved listing standards proposed by the New York Stock Exchange (NYSE) and the NASDAQ Stock Market, Inc. (Nasdaq) relating to board composition and director independence. The new listing standards affect the composition of the boards of directors and board committees of listed companies and impact the individual members of the board. Some of the aspects, which have been covered with respect to director’s independence, include board composition, who is an “independent” director? audit committee standards and responsibilities, other recently adopted NYSE and NASDAQ rules on corporate governance.

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Format: PDF | Size: 193KB | Date: Nov 2003 | Pages: 10

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