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The NYSE's Corporate Accountability and Listing Standards Committee report proposing changes to NYSE listing standards largely leave to the listed company's board of directors the responsibility to determine the actual policy to be adopted by the company. This sample form, used in conjunction with directors performing their duties in the reasonable exercise of their business judgment, should ensure that director liability is not increased as a result of the new proposals.
June 20, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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