Recently enacted listing requirements of the New York Stock Exchange focuses attention on independent directors. How does the NYSE define an independent director?
A. no material relationship with the listed corporation
B. not a member of corporate management
C. owns fewer than 10,000 shares of the corporation’s stock
D. does not meet regularly with the board of directors
Answer:A
Recently enacted listing requirements of the New York Stock Exchange focuses attention on independent directors. How does the NYSE define an independent director?
A. no material relationship with the listed corporation B. not a member of corporate management C. owns fewer than 10,000 shares of the corporation’s stock D. does not meet regularly with the board of directors