Recent major issues resolved by the Special Committee on Governance of the NYSE concern disclosure of executive and director compensation, NYSE officer service on listed company boards and the influence of securities industry directors who serve on the 27-person NYSE board.

FORBES: Self-Regulation Hits The NYSE

Three other Ford directors also serve on the boards of companies with more than one class of stock.

FORBES: Magazine Article

As you may know, outside directors often serve on the boards of multiple companies and a study by Professor Srinivasan from the Harvard Business School showed that they lose about 25 percent of these (rather lucrative) jobs if one of the companies in their portfolio is caught up in fraud.

FORBES: Boards and fraud - who gets the sack and who gets to stay?

Neither now seeks to limit the number of boards on which these directors serve.

FORBES: Magazine Article

It is true that former directors of Lehman Brothers and Bear Stearns still serve on the boards of public companies.

FORBES: Wall Street's Prestige: The Less There Is to Go Around, the More Valuable It Gets