About DTCC
Board & Governance
Board of Directors
The 2011 DTCC Board is composed of 19 directors.
Of these, thirteen directors are representatives of clearing agency participants, including international broker/dealers, custodian and clearing
banks, and investment institutions; two of this group are designated by DTCC’s preferred shareholders, NYSE Euronext and FINRA.Three directors are from non-participants – specifically Lori Hricik, Derek Ross and Gary Stern and the remaining three directors are the chairman, chief executive officer and president, and chief operating officer of DTCC.
Individuals are nominated for election as directors based on their ability to represent DTCC's diverse base of participants, and DTCC's governance is specifically structured to help achieve this objective. The non-participant Board members are individuals with specialized knowledge of financial services, but who bring an independent perspective since they are not affiliated with firms that use DTCC services. Board members serve on a variety of Board committees with responsibility to oversee aspects of DTCC's operation. In addition, to ensure broad industry representation and expertise on key industry subjects, industry representatives who are non-Board members also serve on a number of advisory committees to the Board. View DTCC Corporate Governance Policies and Procedures.
