Corporate Services – This division provides high-quality, cost-effective corporate services to assist the NYSE in meeting its strategic business goals. This division works closely with all business units, as well as outside suppliers, identifying effective options to meet the NYSE’s ever-changing infrastructure and corporate services needs. A wide range of services are offered including Food and Member Services, Records Management, Listed Securities Library and Printing and Production Services.
Communications & Government – This division creates, develops, and manages a broad range of programs to further enhance the NYSE’s message around the world, and includes Media Relations, Advertising, Interactive Communications, Events and Editorial Services.
It also works to develop and foster strong working relationships with government officials to advance the public policy goals of the Exchange.
Competitive Position Group – This group works to enhance the NYSE’s competitive position by maximizing market share, selling NYSE products and services, and gaining support for our policies and initiatives.
Global Corporate Client Group – This division has primary responsibility for the listing of new companies and servicing of clients. The New Listings group works to attract companies to list on the NYSE, either as transfers from other exchanges or as Initial Public Offerings (IPOs). Once these companies list with the NYSE, the Client Service group accommodates their ongoing needs as NYSE-listed organizations.
Corporate Secretary – The Corporate Secretary acts as the liaison between the Board of Directors, its committees, and the management of the Exchange. This office also administers forums for dispute resolution and hearings of disciplinary charges.
Equities – The Equities division is responsible for providing the day-to-day operational support inherent to managing an equities market of more than $12 trillion in market capitalization. This group ensures that both the trading floor and trading systems are working at peak efficiency. The Equities group is composed of three areas: Market Operations, Technology, and Market Data.
Finance – Considered “the financial engine behind the premier financial market,” Corporate Finance serves as a value-added service provider to the Exchange and plays a strategic role the NYSE’s competitive position. To accomplish its mission, the division focuses on streamlining processes, enhancing the NYSE’s financial technology platform, increasing productivity and profitability, ensuring high standards and transparency in financial reporting, and providing business analysis relevant to the corporate objectives.
Human Resources – This division is responsible for identifying, developing and retaining the NYSE’s future leadership, as well as maintaining the Exchange’s status as an employer of choice. Human Resources partners with all other Exchange divisions to build a corporate culture that measures, recognizes and rewards dedication to NYSE values, teamwork, initiative, and individual excellence.
Office of the General Counsel – The Office of the General Counsel provides legal services and support to other divisions within the organization, identifying and addressing any legal threats to the Exchange.
Research – Economists at the NYSE provide analytic support for the Exchange’s interests relating to market structure, including: transparency, liquidity, volatility and other equity market issues. In addition to contributing to the formulation and execution of policy in these areas, our economists conduct independent research on a wide range of topics.
Security – This division is responsible for the safety and protection of the Exchange’s employees, Members, their employees and visitors as well as its facilities and other assets. Comprised mainly of individuals with military and law enforcement backgrounds, the Security team works around the clock to ensure the NYSE is protected.
Technology – This division is responsible for developing and building the systems on which the Exchange runs its business. Comprised of individuals from a wide array of backgrounds, it is loosely divided into groups that support trading floor technology, corporate technology and regulatory technology.
To best serve the investing public, its member-owners and listed companies, the NYSE has created a governance structure that reflects the highest standards of independence, oversight and transparency. This structure strengthens the independence of the NYSE board and key committees and better insulates the Exchange’s regulatory function from its market operations.
A Fully Independent Board
For the first time in NYSE history, the Board of Directors (BoD) is independent of NYSE management, members and listed companies. The board, which consists of six to 12 individuals, plus a chairman and a CEO, has full fiduciary responsibility and supervises the Exchange’s regulation, governance, compensation and internal controls.
The Board of Executives
Serving in an advisory role to the BoD, the separate Board of Executives (BoE) consists of 20 to 25 individuals representing NYSE constituents, as well as the NYSE chairman and the CEO. The BoE meets at least six times a year to discuss Exchange performance, membership issues, listed-company issues and public issues relating to market structure and performance. The BoE meets with the Exchange’s BoD in joint sessions several times annually and provides the BoD with reports of deliberations.
Candidate Nomination Policy for NYSE Board of Directors
If you are an investor in equity securities or a member of the Exchange, you may recommend director candidates for consideration by the Nominating & Governance Committee of the Board of Directors. All director candidates nominated by an investor in equity securities or an NYSE member must follow the requirements outlined in the Candidate Nomination Policy.
NYSE GOVERNANCE STRUCTURE
BOARD OF DIRECTORS (BoD) BOARD OF EXECUTIVES (BoE)
– The fiduciary
– Ultimate responsibility for NYSE performance
– Accountable to the investing public and to the community at large
– Regulatory oversight Responsibilities:
Advising the BoD and management on:
– NYSE operations
– NYSE evolution within context of market structure and performance
– The leadership role of the NYSE, its Chairman and its CEO
– Six to 12 independent directors
– NYSE CEO
– NYSE Chairman Composition:
20-25 individuals representing key NYSE constituents, including: – Institutional investors/public pension funds
-Meets both separately from and jointly with the BoE Meetings:
– Periodically meets jointly with BoD – Lessor and floor representatives meet separately with BoD annually
Standing BoD Committees:
– Regulatory Oversight Committee – Human Resources & Compensation Committee – Audit Committee – Nominating & Governance Committee
– Regulation, Enforcement & Listing Standards Committee
Joint Committees: – to be named
Advisory Committees: – Report to BoD
Market Performance Committee
Allocation Committee -Report to BoD
Each year, the Exchange discloses the board committee charters and activity reports; membership on the BoD, BoE and various standing and advisory committees; and the facts establishing each board member’s independence, including any non-director relationship between board members and the NYSE itself, as well as any material relationships among board members.
The Exchange also makes public the compensation of top management, as well as the Exchange’s nominating procedures, charitable activities, political activities and contributions.
In addition, the NYSE provides Exchange members and the investing public with the opportunity to communicate with board members.