New NYSE Corporate Governance Standards

The SEC has approved new NYSE corporate governance listing standards. The new rules, John Olson reports, are principally intended "to update the NYSE’s corporate governance listing standards in light of the SEC’s 2006 adoption of Item 407 of Regulation S-K, which requires disclosure about director independence and certain other aspects of a company’s corporate governance practices." Olson provides a detailed analysis of the new rules, which will be helpful for corporate counsel, securities lawyers, and those few odd law professors who inflict listing standards on their suffering students (like me).

Comments

[Lorelei]

I have to admit to being a little sad at the loss of the apparent requirement to report nonmaterial violations. I can't entirely explain why I enjoyed pointing out that rule so much. Must've been something in my childhood ....