Is the company required to compare the NYSE domestic corporate governance requirements to home country recommended best practices or to the specific practices followed by the company?
The company is required to compare the NYSE domestic corporate governance requirements against the specific practices followed by the company. 5) What general topics does the Exchange expect foreign private issuers to cover in their Section 303A.11 disclosure statements? Will the Exchange be providing samples of disclosure that the NYSE believes to be appropriate under this requirement? As indicated in Section 303A.11, companies are expected to provide a brief, general summary of the significant differences between the practices the company follows in its home country and the Section 303A corporate governance requirements applicable to U.S. companies. It would be sufficient for companies to present a point by point comparison of their specific practices against the domestic requirements of Section 303A, but the Exchange is not prescribing the form the disclosure must take. The Exchange will not be providing sample disclosure and expects that each company will develop disclosures approp
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