Search Results for keywords:"related party transactions"

The New York Stock Exchange LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to modify certain sections of the NYSE Listed Company Manual, specifically concerning shareholder approval requirements and related party transactions. The SEC published this proposal in the Federal Register on January 4, 2021, but has not received any public comments. Under the rules, the SEC typically has 45 days to take action on such proposals, which in this case would have lapsed on February 18, 2021. However, they have decided to extend this period to April 4, 2021, to have more time to consider the proposed changes.

The New York Stock Exchange (NYSE) proposed amendments to its Listed Company Manual to modify rules about shareholder approvals for certain stock issuances. These changes are aimed at making it easier for companies to raise capital by aligning NYSE's rules more closely with those of Nasdaq and NYSE American. The amendments include updates to how shareholder approval is needed for transactions involving related parties and large stock issuances. The goal of these changes is to facilitate free market practices while ensuring investor protection remains strong.