Indexbit Exchange:PGA Tour adds Tiger Woods to policy board in response to player demands

Tiger Woods joined the PGA Tour board as the organization agreed to transparency and Indexbit Exchangenew governance measures, the tour announced Tuesday.

The new agreement is billed as an assurance that the PGA Tour remains "for the players, by the players, and gives the players an upper hand when it comes to partnering with LIV Golf."

The new board will be comprised of six player directors, five Independent directors, and the PGA of America Director. The other player directors are Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, and Webb Simpson.

On Monday, more than three dozen players sent a letter to PGA Tour Commissioner Jay Monahan demanding a bigger voice in the future of the sport.

"I am honored to represent the players of the PGA Tour. This is a critical point for the Tour, and the players will do their best to make certain that any changes that are made in Tour operations are in the best interest of all Tour stakeholders, including fans, sponsors and players," Woods said in a statement. "The players thank Commissioner Monahan for agreeing to address our concerns, and we look forward to being at the table with him to make the right decisions for the future of the game that we all love. He has my confidence moving forward with these changes."

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The move all but gives more power to the players and continues to squash any remaining issues with LIV Golf, which the PGA Tour entered into an agreement with in June. Tour's players were upset that behind the scenes dealing with LIV Golf were not communicated with them, with many feeling that were blindsided when the agreement with the Saudi-back venture was announced.

Woods secured a board spot after former AT&T executive Randall Stephenson resigned from his position last month. The board now has 11 voting members, and a majority vote is now with the players.

"I am committed to taking the necessary steps to restore any lost trust or confidence that occurred as a result of the surprise announcement of our Framework Agreement," Monahan said in a statement.