The Nasdaq Stock Market Inc. has appointed Michael Oxley, of Sarbanes-Oxley fame, as non-executive vice chairman.

In his new position, Oxley will work with public company chief executives and board members on Nasdaq’s behalf and oversee outreach to its listed companies on public policy issues. Additionally, he will serve as an advisor to Nasdaq president and CEO Bob Greifeld and its board.

Oxley joins Nasdaq after25 years in the U.S. Congress and as former chairman of The House Financial Services Committee.

“Mike Oxley is a top-notch strategic thinker who will partner with us to communicate with listed company CEOs and board members regarding how Nasdaq can support them on both a business and policy level,” said Greifeld. “Mike represents good governance which translates into good business acumen. He has been involved with the capital markets during one of the most dynamic times in history, beginning with his drive to bring decimalization to the capital markets in 2001. We look forward to his contributions.”

“Nasdaq is one of the most innovative marketplaces, with the highest listing standards, in the world and I am excited to be involved with this global exchange as it continues to evolve,” said Oxley. “This is a wonderful opportunity for me to work with Bob and his dynamic management team during a time of increasing change and sophistication for the markets. I look forward to working with forward thinking Nasdaq listed companies and the CEOs who define this marketplace to review everything from market evolution, public policy issues and the refinement of Sarbanes Oxley.”