NEW YORK In response to the NYSE recommendations, Henry M. Paulson, Jr., Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. (NYSE: GS) and a member of the Board of Directors of the NYSE, issued the following statement:
Today’s recommendations by the NYSE represent an important step towards improving corporate governance and restoring investor confidence in our markets. We support these proposals, and we are optimistic that we can move through public review to implementation.
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Background: The New York Stock Exchange (NYSE) today proposed changes in corporate governance and disclosure practices for NYSE-listed companies. The NYSE recommendations include increasing the role and authority of independent directors, giving shareholders greater opportunity to monitor and participate in corporate governance, establishing new control and enforcement mechanisms and improving the education and training of directors.
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