NYSE And Group Of Issuers Form NYSE Governance Council To Facilitate Ongoing Discussions On Corporate Governance Matters

26/06/2013

The New York Stock Exchange (NYSE) today announced the formation of the NYSE Governance Council to facilitate an open dialog between publicly-held companies and the NYSE on the rapidly evolving and increasingly complex corporate governance landscape.

The Council will serve as an advisory board to the NYSE on corporate governance issues and is comprised of leading subject matter experts in governance from the publicly-held company community. The Council's members include a diverse range of publicly-held companies who represent various industry sectors, company size and geography, with participation of other leading governance experts expected from time-to-time.
The formation of the NYSE Governance Council follows the recent introduction of NYSE Governance Services, an integrated suite of resources for public and privately-held companies seeking to create a leadership advantage through corporate governance, risk, ethics and compliance practices. NYSE Governance Services was launched in response to a growing demand from companies for actionable, pragmatic and measurable tools related to governance, ethics and compliance.

"The NYSE has long been recognized as a leader in corporate governance and the Council will play a key role in continuing our commitment to being a trusted partner to companies seeking guidance and thought leadership on corporate governance issues," said Scott Cutler, EVP, Head of Global Listings, NYSE Euronext. "Through speaking to senior executives, it is clear that governance and compliance-related matters are front of mind amid an evolving landscape where shareholder activism is on the rise and public tolerance for compliance related failures is low. The NYSE considers corporate governance practices to be critically important to a company's success and longevity and vital for maintaining stability and confidence in public companies and the corporate world."