SEC approves NYSE governance rulings.

Corporates listed on the NYSE are bracing themselves for fresh governance rulings passed by the beleagured stock exchange in the wake of CEO Dick Grasso’s resignation in September. The rulings have been approved by the SEC.

The rules relate to the independence of directors, offering a more detailed definition of independence to be adhered to by the majority of board members. Compensation, auditing, the nomination of directors and corporate governance are all issues that require fresh provision by independent directors.