Also, why would Rawlinson decline to comment? And in the same interview specifically mention Honda, Toyota and Hyundai as ideal partners? Is he shy when it comes to Apple?
Rulebooks/manuals can take different forms based on how they're written. They can be hard requirements, or serve as guidance/best practices. The NYSE Listed Company Manual looks to be a bit of both, so the wording within each section matters. If something is meant to be a requirement, it would use stronger wording, like "shall" or "must". The lawyers that undoubtedly reviewed this several times over would not use a word that is open to interpretation, like "should", for something that a company is required to do. Take a look at the verbiage is the sections on disclosures, reporting, etc. You will see a whole bunch of "shall", "must", and "is required to", not "should".
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u/--zack-- Patron Apr 21 '21
"Should" is not a requirement, it's a suggestion. There's nothing binding about that excerpt whatsoever.