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Thursday, September 27, 2007 10:32:08 AM
Last Modified: 11/03/2004
303A.00 Corporate Governance Standards
303A.02 Independence Tests
In order to tighten the definition of "independent director" for purposes of these standards:
(a) No director qualifies as "independent" unless the board of directors affirmatively determines that the director has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Companies must identify which directors are independent and disclose the basis for that determination.
http://www.nyse.com/Frameset.html?nyseref=http%3A//www.nyse.com/regulation/listed/1101074746736.html...
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