Magazine

Table: Getting Tough on Corporate Governance


The New York Stock Exchange is proposing major changes in its

listing standards. They include:

-- Annual evaluations of the board's nominating, compensation, and audit committees

-- Shareholder votes on all stock option plans

-- A lead director or nonexecutive chair to preside over independent board member sessions

-- Regularly scheduled board meetings of independent directors

-- Prompt disclosure of waivers of ethics and business codes for executives and directors

-- An audit committee chairman with expertise in accounting or financial management

Data: New York Stock Exchange


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