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• SEC Approves NYSE and NASDAQ Proposals Relating to Director Independence ( November 2003 )
  Akin Gump Strauss Hauer & Feld LLP

  On November 4, 2003, the Securities and Exchange Commission (SEC) approved listing standards proposed by the New York Stock Exchange (NYSE) and the Nasdaq Stock Market, Inc. (Nasdaq) relating to board composition and director independence. The new listing standards affect the composition of the boards of directors and board committees of listed companies and impact the individual members of the board.

• Director Independence ( November 2003 )
  Nils H. Okeson of Alston & Bird LLP

  The role of independent directors lies at the center of the current movement aimed at enhancing corporate governance among U.S. public companies. But, independence is in large part dependent on the particular governance function being performed by the director.

• SEC Approves Final NYSE and Nasdaq Corporate Governance Standards ( November 2003 )
  Goodwin Procter LLP

  On November 4, 2003, the SEC approved final amendments to the NYSE and Nasdaq corporate governance listing standards. The final amendments are nearly unchanged from the proposed amendments summarized in our <i>Public Company Advisories</i> dated October 21, 2003. The principal new requirements for both NYSE and Nasdaq companies include the following items.

• Risk Management of Financial Derivatives: Banking Director's and Senior Managment's Responsibilities ( August 1994 )
  Pillsbury Winthrop Shaw Pittman LLP

  On July 18, 1994, the Chairman of the Senate Banking Committee introduced legislation which would require banks .