New commission created by the NYSE to examine US corporate governanceNEW YORK - The New York Stock Exchange (NYSE) has announced it is to form an independent advisory commission to take a comprehensive look at strengthening US best practices for corporate governance and the proxy process.
The advisory commission will be chaired by Larry Sonsini, chairman of Wilson, Sonsini, Goodrich & Rosati, who chaired the former proxy working group formed by the NYSE in 2005.
Other members will be announced soon, and will comprise experts in all aspects of corporate governance and the US proxy system so that a wide variety of perspectives can be collected, including those of public companies, shareholders, and institutional and individual investors.
"As an institution, we are uniquely positioned to bring together leading experts on important issues to create a constructive dialog in the financial community regarding corporate governance that will benefit issuers, investors and the overall market," says Duncan Niederauer, chief executive officer at NYSE Euronext. "The creation of this advisory commission is consistent with our mission to serve the investing public. We look forward to working with the advisory commission to achieve a better and more efficient governance and proxy process."
More on Operational Risk
Hoodless and Madaras among those suspended
Focus needs to be on reacting, not stopping every threat
Keeping track of fraud and money laundering made easier through machine learning
Sponsored survey analysis: Protiviti
Sign up for Risk.net email alerts
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
Watch discussions and speakers from our North America conference
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.