April 11, 2003
The NYSE has posted
The NYSE has posted amendments to its corporate governance listing standards dated April 4th at http://www.nyse.com/pdfs/amend1-04-09-03.pdf. Coming on the heels of recent amendments proposed in March regarding director independence, this set of amendments reflect the audit committee requirements of Section 301 of Sarbanes-Oxley and also clarifies certain disclosure obligations. It also revises the effective dates of some standards and discusses the applicability of specific corporate governance listing standards to foreign private issuers.
Yesterday, the SEC posted the adopting release on audit committee requirements/prohibitions at http://www.sec.gov/rules/final/33-8220.htm.
The SEC also posted a technical corrections release regarding acceleration of periodic report deadlines at http://www.sec.gov/rules/final/33-8128a.htm.
Next week, I will be on vacation (Spring Break 2003!) and Alan Dye will be your blogger. Alan has been feverishly wrapping up a new 6th edition of the Romeo & Dye Forms and Filings Handbook – updated for all the Section 16 rulemaking that has taken place these past few months.