"We believed the splitting of the roles between red and white ball cricket was something that had been identified by a number of counties as the best way forward in the modern day game," said chief executive David Smith.
More investors have joined the call for the splitting of the roles.
A special committee of the board will now review other aspects of how the exchange is run, including the makeup of its board and whether to split the roles of chairman and chief executive, both of which Mr. Grasso fills, directors said.
David Cameron split the roles of Cabinet Secretary and head of the Home Civil Service in 2012 when Sir Gus O'Donnell retired and critics have said the recent rethink of responsibilities amounts to a U-turn.
On March 27th it was reported that Goldman Sachs had made peace with the pension fund of the American Federation of State, County and Municipal Employees (AFSCME), which had proposed a resolution to split the roles of chief executive and chairman, both of which are held by Lloyd Blankfein.
In 2002 one-quarter of the Fortune 500 firms rated by GMI split the roles of chief executive and chairman.
In the middle of a closely watched vote on whether to split the roles of chairman and chief executive at JPMorgan Chase, the firm providing tabulations of the results has stopped giving voting snapshots to the shareholders that sponsored the proposal, Susanne Craig and Jessica Silver-Greenberg report in DealBook.
ON THE face of it, the question seemed a simple one of corporate governance: should JPMorgan Chase, America's biggest bank, split the roles of chief executive and chairman?
Shareholders forced the board to split the roles of chairman and chief executive on Wednesday, stripping Lewis of the chairman's title but keeping him on as chief executive.
A less dramatic possibility would be to split the roles of chief executive and chairman.Both parties get something out of the deal.
