NY Stock Exchange proposes sweeping corporate governance reforms
07 Jun 2002
The Corporate Accountability and Listing Standards Committee of the NYSE Board of Directors has recommended new standards and changes in corporate governance and practices of NYSE-listed companies.
The report asks that the SEC to "exercise more active oversight of the FASB to improve the quality of GAAP and the speed of FASB actions". The committee also makes recommendations to Congress and the SEC on various policy and regulatory matters. The proposals seek to strengthen issuer accountability, integrity, and transparency. Click for:
- Summary of Recommendations (PDF 80k)
- Full Text of Recommendations (PDF 1,421k, 180 pages)
- NYSE Press Release (PDF 26k)
- (PDF 30k) on the NYSE recommendations