- Serves as an advisory board to NYSE on corporate governance issues -
New York, NY, June 26, 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."
The NYSE Governance Council has begun its discussions and will meet on a quarterly basis at the NYSE.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
About NYSE Governance Services
NYSE Governance Services is an integrated suite of resources for public and privately held companies worldwide seeking to create a leadership advantage through corporate governance, risk, ethics, and compliance practices. NYSE Governance Services leverages the expertise of Corpedia®, a leader in risk assessment and e-learning for ethics and compliance, and Corporate Board Member®, a trusted source on governance matters for company directors and C-level executives-both NYSE Euronext companies. NYSE Governance Services offers a range of training programs, advisory services, benchmarking analysis and scorecards, exclusive access to peer-to-peer events, and thought leadership on key governance topics for company directors and C-level executives. http://www.nyse.com/governance
Join our Market Watch group on LinkedIn and follow @NYSEEuronext on Twitter using #NYSEGov for news, trends and events about corporate governance, risk, ethics and compliance from NYSE Governance Services.