U.S. corporate governance reforms that would annually disclose director and senior executive compensation, prohibit New York Stock Exchange officers from serving on the boards of listed companies and provide that the NYSE’s compensation committee consist only of non-securities industry directors have been adopted by the NYSE’s board of directors.

The changes come in response to the initial recommendations of the exchange’s special committee on governance. During the next several months, the committee, established in February, will contact a broad range of individuals representing investors, listed companies and members to hear their views, the NYSE said.

The committee will then report its additional recommendations to the board.

The committee at NYSE chair and CEO Dick Grasso’s request, “plans to take a thorough and deliberate look at the exchange’s governance, with input from all constituents, and make whatever additional recommendations are appropriate,” said H. Carl McCall, who co-chairs the committee with Leon Panetta. “At the same time, we quickly concurred with Dick that there were measures that the board could adopt immediately, that would be beneficial and clearly signal our commitment to significant and positive change.”

“Even in our initial recommendations, we have tried to apply all of the principles that can build investor confidence: increasing transparency; enhancing independence; strengthening checks and balances; and addressing apparent or real conflicts of interest,” Panetta added.