The NYSE requires that a majority of a firm's directors must be independent of the firm's management.

Question

Quizplus · Accepted Answer

This is true. The NYSE requires that a majority of a firm's board of directors must consist of independent directors who do not have any material relationship with the company's management or affiliates. This is intended to ensure that the board is able to impartially oversee the company and protect the interests of its shareholders.

The NYSE Requires That a Majority of a Firm's Directors