Subject category:
Ethics and Social Responsibility
Published by:
IBS Center for Management Research
Length: 19 pages
Data source: Published sources
Topics:
New York Stock Exchange (NYSE); Corporate governance; Richard Grasso; Governance structure; Composition of the board; CEO compensation; Specialist system; Audit committee; Regulatory Oversight Committee; Board of executives; SEC (Securities and Exchange Commission); Standing committees; Advisory committees; Board of directors; John Reed
Abstract
The case focuses on the allegations of misgovernance at New York Stock Exchange (NYSE) and the governance reforms introduced in the exchange by interim Chairman John Reed. Over the years, NYSE was criticised by the analysts and industry observers for its outdated mode of working and governance practices. The disclosure of Grasso's compensation led to widespread criticism against the exchange regarding its governance practices. The case brings out the working of NYSE and allegations against it, and it also discusses the reforms initiated by NYSE's interim CEO and Chairman, John Reed.
Teaching and learning
This item is suitable for postgraduate courses.About
Abstract
The case focuses on the allegations of misgovernance at New York Stock Exchange (NYSE) and the governance reforms introduced in the exchange by interim Chairman John Reed. Over the years, NYSE was criticised by the analysts and industry observers for its outdated mode of working and governance practices. The disclosure of Grasso's compensation led to widespread criticism against the exchange regarding its governance practices. The case brings out the working of NYSE and allegations against it, and it also discusses the reforms initiated by NYSE's interim CEO and Chairman, John Reed.

