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  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "notes": "Uses regulatory text to preemptively argue against a 'check-the-box' approach to board independence.",
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      "text": "Excerpts from NYSE 303A.02(a) and (b) defining independence and the requirement for affirmative board determination.",
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      "text": "Excerpts from NYSE FAQ clarifying that bright-line tests are not exhaustive and boards must consider all facts and circumstances.",
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      "text": "Such a blanket conclusion does not appear to be supportable. Section 303A.02(a) requires a board to make independence determinations based on all relevant facts and circumstances. — NYSE Q&A document",
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      "text": "1. Source: NYSE https://nyseguide.srorules.com/listed-company-manual/09013e2c85c00746\n2. Source: NYSE Q&A document revised July 208, 2021, Section C: https://www.nyse.com/publicdocs/nyse/regulation/nyse/FAQ_NYSE_Listed_Company_Manual_Section_303A_7_28_2021.pdf",
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      "text": "Regulation provides a floor: necessary conditions for independence. It is up to BlackRock to set a best-in-class example for “good corporate governance”",
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