What are the NYSE listing requirements for a company stock?

Answer 1

Companies listed on the New York Stock Exchange (the NYSE) must comply with certain standards of corporate governance as mentioned in Section 303A of the NYSE's Listed Company Manual. Listed companies that are foreign private issuers (as the term is defined in Rule 3b-4 under the Exchange Act) are permitted to follow home country practices in lieu of the provisions of this Section 303A, except that such companies are required to comply with the requirements of Sections 303A.06, 303A.11 and 303A.12(b) and (c). As per these requirements, a company must # Establish an independent audit committee that has specified responsibilities; # Provide prompt certification by its chief executive officer of any material non-compliance with any corporate governance rules; # Provide periodic written affirmations to the NYSE with respect to its corporate governance practices; and # Provide a brief description of significant differences between its corporate governance practices and those followed by U.S. companies. A New York Stock Exchange listing is a globally recognized signal of strength and leadership. The Exchange's listing standards ensure the quality and integrity of the NYSE list.

1. U.S. Listing Standards Domestic listing requirements call for minimum distribution of a company's shares within the United States. Distribution of shares can be attained through U.S. public offerings, acquisitions made in the U.S., or by other similar means.

2. Non-U.S. Listing Standards Non-U.S. companies may qualify for listing under worldwide or domestic listing standards. However, an applicant company must meet all of the distribution and financial criteria within that particular standard. Reference:http://www.nyse.com/regulation/listed/1147474807344.html http://www.cftech.com/BrainBank/FINANCE/NewYorkStockExch.html