The NYSE Group and Euronext announced that their combined board will be composed of an equal number of Americans and Europeans.
NYSE Group Inc. and Euronext NV announced that, within the framework of their proposed merger, they have agreed that following their combination the NYSE Euronext board of directors will be composed of 11 Americans and 11 Europeans.
The board will be composed of 22 directors, including: the directors of NYSE Group (including both chairman and chief executive officer), the members of the Euronext Supervisory Board (including the chairman of the Euronext Supervisory Board), and the CEO of Euronext, and one European to be designated.
It will be the decision of the nomination committee and the board of directors, both equally composed of Americans and Europeans, whether to maintain this parity.
Equal number of American and Europeans to make up combined NYSE, Euronext board
Merged board to be made up of 22 directors
- By: James Langton
- November 22, 2006 November 22, 2006
- 08:20