Description - NYSE Stock Exchange
Investment into
US Market
NYSE Stock Exchange History
The
New York Stock Exchange traces its origins to a
founding agreement in 1792. The NYSE registered as a national securities
exchange with the U.S. Securities and Exchange Commission on October 1,
1934. The Governing Committee was the primary governing body until 1938,
at which time The Exchange hired its first paid president and created a
thirty-three member Board of Governors. The Board included Exchange
members, non-member partners from both New York and out-of-town firms, as
well as public representatives.
NYSE Stock Exchange Board of Directors
In 1971 The Exchange was
incorporated as a not-for-profit corporation. In 1972 the
members voted to
replace the Board of Governors with a twenty-five member
Board of
Directors, comprised of a Chairman and CEO, twelve representatives of the
public, and twelve representatives from the securities industry.
Subject to the approval of the
Board, the Chairman may appoint a President, who would serve as a
director. Additionally, at the Board's discretion, they may elect an
Executive Vice Chairman, who would also serve as a director.
| 
