• New Code of Ethics Requirements for All Employees of NYSE and NASDAQ Listed Companies
  • February 11, 2004 | Author: Elizabeth A. Lalik
  • Law Firms: Pillsbury Winthrop Shaw Pittman LLP - McLean Office ; Pillsbury Winthrop Shaw Pittman LLP - Office
  • In November, 2003, the Securities and Exchange Commission ("SEC") approved New York Stock Exchange (NYSE) and Nasdaq Stock Market ("Nasdaq") rules that require most listed companies to adopt codes of conduct or ethics policies applicable to all directors, officers, and employees. These requirements are much broader in application than the code of ethics provisions under the Sarbanes-Oxley Act of 2002, which apply only to the registrant's principal executive officer and principal financial and accounting officers.