- News>
- World
Reed to hand over NYSE reins to outside directors
Washington, Oct 30: The interim chairman of the New York Stock Exchange will unveil next week a plan to hand power over the exchange to outside directors, according to a published report.
Washington, Oct 30: The interim chairman of the New York Stock Exchange will unveil next week a plan to hand power over the exchange to outside directors, according to a published report.
Citing sources familiar with the proposal, The Washington Post reported on Wednesday that John Reed plans to replace the NYSE’s current 27-member board with a much smaller body with members from outside the securities industry.
The world’s largest bourse has been trying to right itself after ousting former head Richard Grasso, who was criticised for accepting an eye-popping $188m pay package from the board. Bureau Report
Citing sources familiar with the proposal, The Washington Post reported on Wednesday that John Reed plans to replace the NYSE’s current 27-member board with a much smaller body with members from outside the securities industry.
The world’s largest bourse has been trying to right itself after ousting former head Richard Grasso, who was criticised for accepting an eye-popping $188m pay package from the board. Bureau Report