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Governance Issues at the New York Stock Exchange
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 Over the years, NYSE was criticized by the analysts and industry observers for its outdated mode of working and governance practices.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. |
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Issuess
The case is structured to achieve the following teaching objectives:
- Understand NYSE's working and governance practices
- Understand the role of specialists in the working of the NYSE
- Understand the importance of good governance practices in an organization
Keywords
Chairman John Reed,Understand NYSE,William Donaldson,Securities and Exchange Commission,Governance Structure at NYSE,Under Flak,NYSE Committees,Allegations, misgovernance, New York Stock Exchange, NYSE, reforms, exchange, Chairman, John Reed, industry observers, outdated mode, governance practices, Grasso's, compensation
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