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NYSE Files Changes To Listing Standards With SEC NYSE-Approved Measures Aim To Strengthen Corporate Accountability

Date 16/08/2002

The New York Stock Exchange today filed with the Securities and Exchange Commission proposed changes to its listing standards aimed at helping to restore investor confidence by empowering and ensuring the independence of directors and strengthening corporate-governance practices.

The NYSE board of directors adopted the final recommendations of its Corporate Accountability and Listing Standards (CALS) committee at its regular meeting on Aug. 1, 2002, following a two-month comment period in which more than 300 comment letters were received. The rule filing is available on the NYSE web site at http://www.nyse.com/report.