Reed to review NYSE governance

The New York Stock Exchange’s interim chairman, John Reed, has put aside a board committee’s report on revamping NYSE governance to instead initiate a wide review to produce more radical changes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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NYSE LEAD DIRECTOR H. Carl McCall said on Thursday he would resign from his post. McCall was head of the board’s compensation committee and had led the review that is being abandoned, according to the Journal.

The new review will scrutinize compensation, corporate governance and audits, with an eye towards having them decided on by a full board of directors, rather than merely reviewed by board committees, as they are currently, the Journal said.

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FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

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FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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The Big Board may also scrutinize rules it proposed for its listed companies in June 2002, according to the paper.

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