Dick Grasso Statement On SEC Approval of NYSE Rules Relating To Shareholder Approval And Voting Of Proxies

"The Securities and Exchange Commission's approval of our proposal requiring shareholder approval of equity compensation plans, and the NYSE corporate community's embracing of the proposal, represents a major step forward in corporate accountability for investors. Empowering America's 85 million investors by giving them greater voice in matters such as equity compensation is a critical element in increasing their confidence in the public companies they own and the equities markets in general."

Dick Grasso
Chairman and CEO
New York Stock Exchange