Securities Alert: NYSE Proposes Modifications to Corporate Governance Listing Standards

On August 26, 2009, NYSE filed with the SEC a proposal to modify the NYSE corporate governance listing standards included in Sections 303A and 307 of the NYSE Listed Company Manual. The proposal clarifies certain of the current standards, codifies interpretations made since the standards were originally adopted and replaces certain NYSE disclosure requirements by incorporating applicable SEC disclosure requirements contained in Item 407 of SEC Regulation S-K. The changes are proposed to take effect on January 1, 2010.

Click on the link below to download the Securities Alert which discusses these standards.