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10.05.09, 02:59 PM EDT
BusinessWire - The Corporate Responsibility Officers Association today announced that NYSE Euronext, the world's most diverse stock market representing over 80 percent of the companies listed on the 2009 CRO 100 Best Corporate Citizens List, will endorse the CROA's initiatives in professionalizing and promoting corporate responsibility practices to its worldwide member companies and will join the CROA Board of Governors, effective immediately. The NYSE Euronext relationship extends to CROA's official media and events platforms, CRO Magazine (publisher of the annual 100 Best Corporate Citizens List) and the CRO Summits. In connection with the relationship, NYSE Euronext SVP Global Markets Walter Lukken will provide a keynote speech at the CRO Summit October 6-7 at the Union League Club of Chicago.
"Joining the CROA is an integral part of NYSE Euronext's drive to be on the leading edge of the corporate responsibility movement, which includes adopting best-in-class practices internally as well as endorsing the CROA's professional standards to the 6,000+ organizations listed on our exchanges," NYSE Euronext CEO Duncan Neiderauer said. "We look forward to working with leaders of CROA member companies worldwide to raise the bar for professional practices in governance, risk, compliance, sustainability, environment, social responsibility and philanthropy."
"We are pleased that NYSE Euronext has embraced the CROA's mission of accelerating professionalization of corporate responsibility practices and has joined the Board of Governors," said Bob Pojasek of Harvard University, Chairman of the CROA Board of Governors. "NYSE Euronext's participation is yet another indication of the power of corporate responsibility to build sustainable value for all stakeholders."
In addition to NYSE Euronext, global organizations represented on the CROA Board include IBM, FedEx, BT, KPMG, Eaton, Phillips-Van Heusen, Hara Software, SAP, Harvard University, Domtar Paper, George Washington University, U.S. Chamber of Commerce, Crowe Horwath, Miami University of Ohio and CRO Magazine. The Board provides leadership and governance for the CROA, whose 200+ current corporate members represent 1,000+ individual professionals and are charged with building standards of professional practice in the field.
"NYSE Euronext has joined the CROA because strong corporate responsibility practices have been proven to improve corporate performance across all industries," NYSE Euronext SVP Communications Rich Adamonis said. "With an interest group for NYSE Euronext listed companies, corporate responsibility content and educational opportunities highlighting best practices, the CROA can be a catalyst for improving performance for the world's most diverse group of public companies."
"In keeping with the CROA theme that short term thinking is the enemy of corporate responsibility, NYSE Euronext's joining the Board of Governors shows that it is taking the long view and investing for the future," said Elliot Clark CEO of SharedXpertise, operator of the CROA, CRO Summits and CRO Magazine.
About NYSE Euronext
NYSE Euronext (NYX) is the world's most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40 percent of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
About the Corporate Responsibility Officers Association, CROA
Founded in 2007, the Corporate Responsibility Officers Association is the fastest-growing professional organization in the corporate responsibility field. CRO Magazine, publisher of the 100 Best Corporate Citizens List(R), is the official publication of the CROA, and the CRO Summits are the official events of the CROA. More information at www.CROAssociation.org, www.CROSummit.com and www.TheCRO.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's reference document for 2008 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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SOURCE: Corporate Responsibility Officers Association
For CROA: Burke Jensen, 202-261-2892 [email protected]