To: Zardoz who wrote (86646 ) 6/8/2002 11:36:20 AM From: long-gone Respond to of 116834 Forget doug, he has no idea those items which impact PoG - and less say on those who have the right to post here. Like this, To little to late? The lack of public trust for the markets & corporate America talks directly to the current & perhaps future PoG. NYSE, Nasdaq seek stricter corporate governance rules to improve public confidence Fri Jun 7,11:40 AM ET By LISA SINGHANIA, AP Business Writer NEW YORK - Companies that want to be listed on the New York Stock Exchange (news - web sites) or Nasdaq Stock Market would have to meet tougher accounting and governance standards under newly proposed rules. Although it could be months before any changes take effect, the nation's two biggest stock markets wanted the public to know that they were acting to prevent future accounting debacles like the one that brought down Enron Corp. The two exchanges announced the proposals Thursday. "We still have the strongest equity markets in the world. If we're going to continue to enjoy that benefit, we have to take steps to ensure the markets are fair and efficient and there's no reason to doubt their integrity," said Ed Knight, executive vice president and general counsel at the Nasdaq. The move follows calls for reform made earlier this year by Securities and Exchange Commission (news - web sites) Chairman Harvey Pitt. The collapse of Enron and accounting questions about several other companies, including Global Crossing and Tyco, have raised questions about whether corporate boards and outside auditors were doing their jobs. The separate proposals put forward Thursday by the Nasdaq and NYSE overlapped in many areas, including the(cont)story.news.yahoo.com