• The NYSE Adopts Significant Changes to Its Corporate Governance and Listing Standards
  • May 14, 2003
  • Law Firm: Akin Gump Strauss Hauer & Feld LLP - Office
  • On August 1, 2002, the New York Stock Exchange (NYSE) adopted changes to its listing standards. The changes are intended to: increase the role and authority of independent directors; tighten the definition of "independent" director and add new audit committee qualification requirements; foster a focus on good corporate governance; give shareholders more opportunity to monitor and participate in governance and; establish new control and enforcement mechanisms.