The move to shift the setting of proxy fees by the New York Stock Exchange (NYSE) to broker-dealer regulatory body Financial Industry Authority (FINRA) is continuing to develop as an SEC consultation period ended last week (14 April).
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The exchange will drop three Chinese telecoms companies after criticism from the US Treasury The New York Stock Exchange has decided to delist China’s three largest telecoms giants after reversing the decision just a few days earlier. NYSE said it would drop shares in China Telecom, China Mobile and China Unicom on 11 January to […]
Read MoreAt a time when global stock exchanges are relinquishing their role as regulators to focus on trading technology, NYSE Euronext is bucking the trend. In an press announcement on Tuesday, September 1st, NYSE said that leading US lawyer, Larry Sonsini, will chair an independent advisory commission charged with examining U.S. corporate governance and the proxy process […]
Read MoreThe SEC has three key governance reforms on the agenda for its July 1 “Sunshine Act Meeting” : Item 1: The Commission will consider whether to propose amendments to the proxy rules under the Securities Exchange Act of 1934 to set forth requirements for U.S. registrants that have received financial assistance under the Troubled Asset Relief Program […]
Read MoreManifest has written to the SEC in support of rule changes designed to eliminate uninstructed broker votes being used at director elections. The New York Stock Exchange had recently filed a request with the SEC to change Rule 452 which allows brokers to use client votes if no instructions have been received. The proposal has […]
Read MoreThe US Securities and Exchange Commission (SEC) has moved a step closer to approving the New York Stock Exchange’s Rule 452 proposal to eliminate broker discretionary voting in director elections. This proposal was developed by the Exchange’s Proxy Working Group in 2006. The NYSE has recently re-filed its proposed amendment to Rule 452 and includes […]
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