Subject: File No. SR-NYSE-2008-75
From: James McRitchie
Affiliation: Publisher, Corporate Governance

August 28, 2008

This is to express my opposition to proposed amendments to weaken the NYSE's already weak definition of independence by raising the amount of "direct compensation" that can be earned from $100,000 to $120,000 and weakening conflict of interest prohibitions with the outside auditor. NYSE should be strengthening these standards, not lowering them.

James McRitchie, Publisher
Corporate Governance