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NYSE Euronext (NYX) today announced that it has completed the formation of the “Commission on Corporate Governance” to address
Consistent with the NYSE’s role as a leading advocate on governance issues, the commission, chaired by Larry W. Sonsini of Wilson Sonsini Goodrich & Rosati, brings together leading experts and representatives from public companies, institutional and individual investors, broker/dealers and other advisors. For a complete list of commission members, please click on: http://www.nyse.com/pdfs/CCGMembers11-11-09.pdf
The commission has begun its deliberations and will work with policymakers and other interested constituents to evaluate and make recommendations on pressing corporate governance and proxy reform, including a review of:
- The roles of, and relationships, accountability and communications among, Boards of Directors, Management, Stockholders and other corporate stakeholders;
- The proxy voting process, including transparency of the process, the benefits and costs of recent and continuing regulatory initiatives in the proxy process;
- The role of proxy advisory services, institutional investors and individual investors within the proxy process, including practices which can further educate investors about, and encourage them to participate in, the proxy process;
- Corporate governance structures and corporate mechanisms impacting the governance of the corporation; and
- Stockholder access to corporate proxy cards, including recent developments in state law and the proposed initiatives by the SEC.
The NYSE and the commission appreciate the complexity of issues associated with corporate governance and proxy matters and intends to conduct a comprehensive and constructive review.
Please click on the following link for the Commission on Corporate Governance’s mission statement: http://www.nyse.com/pdfs/CCGMissionStatement.pdf
