It's Time to Hear What Bill Donaldson Wants the Big Board to Do

Article Abstract:

Acting New York Stock Exchange chief John S. Reed has proposed major changes for the NYSE board, but securities industry critics want more substantial representation by institutional investors and regulatory functions removed from the board. What is curious is the lack of detailed recommendations from harsh NYSE critic, William H. Donaldson, chairman of the SEC. It appears that he is waiting for further public response to Reed's proposals, but he may cause greater industry chaos and confusion, let alone investor retaliation, if he refuses to pla y a stronger role.

Legal issues & crime, Government regulation (cont), Government expenditures, Government regulation, Management dynamics, Legal/Government Regulation, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Management, Laws, regulations and rules, Corporate directors, Economic policy, Securities industry, Powers and duties, Company business management, United States. Securities and Exchange Commission, Donaldson, William H.

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N.Y.S.E. Chief Is Planning To Split Board

Article Abstract:

New York Stock Exchange interim director John S. Reed has proposed a reorganization of the NYSE board structure. He wants to organize independent directors, from six to twelve, to handle compensation and regulation issues. Then 12 to 18 industry representatives would form a separate executive board to address standards and stock market responsibilities. Members of the NYSE have to review the proposal and vote to amend the stock exchange's constitution.

Boards of directors

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