By Business Wire, March 20, 2013, 07:00:00 AM EDT
Directors and officers to benefit from enhanced governance, risk and
compliance resources
NEW YORK--(BUSINESS WIRE)--
Corpedia and Corporate Board Member, NYSE Euronext ( NYX ) companies, and
Marsh announced today that they have entered into a strategic alliance
to provide directors and officers with enhanced governance, risk and
compliance resources.
The alliance combines Corpedia's expertise in governance, risk and
compliance education and advisory services, and Corporate Board Member's
expertise in providing senior officers and directors with governance and
compliance resources, with Marsh's directors and officers liability
(D&O) expertise, powerful analytical platform, and claims advocacy
support. Together, they will provide directors and officers with
unrivaled advisory services and resources they need to make informed
decisions on compliance-related trends and issues.
In the first of what will be several new joint offerings, the
organizations have launched the Board Compliance Oversight and
Governance Diagnostic. The diagnostic assists companies in benchmarking
their current board programs to those of their peers and provides
insight into ways they can improve governance processes and mitigate
risk.
Commenting on the alliance, David Bidmead, U.S. CEO of Marsh said, "One
of the greatest risks companies face today is the evolving scope and
complexity of regulatory reform, which creates a great degree of
uncertainty from a D&O liability standpoint. Through our alliance with
Corpedia, we will give companies and their directors and officers the
tools they need to better understand the increasingly challenging
regulatory framework in which they operate and ensure that they are
conversant and compliant."
Corpedia President Tim Erblich stated, "Board members are increasingly
aware of and interested in compliance issues as a result of high-profile
compliance failures covered regularly in the news and increased interest
from regulators, investors, and insurers. We are excited about the
prospects of enhancing our board and director advisory services and
expanding our benchmarking not only to our network of NYSE Euronext
companies, but to any public or private company board that is striving
to improve its governance and effectiveness."
For more information about the Board Compliance Oversight and Governance
Diagnostic or to request the complimentary diagnostic, go to www.corpedia.com.
About Corpedia
Corpedia,
an NYSE Euronext Company, offers a variety of innovative and
user-friendly compliance and ethics solutions. Developed by experts with
years of experience and industry insight, Corpedia's diverse product
lines identify and quantify key risks while also providing actionable
tools for mitigating and preventing compliance breakdowns. Ranging from
e-learning courses that reinforce key concepts through engaging
interactions to advisory services that provide insight into compliance
best practices, Corpedia's solutions can be tailored to fit each
organization. www.corpedia.com.
About Corporate Board Member
Corporate
Board Member, an NYSE Euronext company, is the leading information
and education resource for senior officers and directors of publicly
traded corporations, large private companies, and Global 1000 firms. The
quarterly publication, Corporate Board Member magazine, provides readers
with decision-making tools to deal with the strategic and corporate
governance challenges confronting their boards. Corporate Board Member
further extends its governance leadership through an online resource
center, conferences, roundtables, and timely research. The magazine
maintains the most comprehensive, up-to-date database of directors and
officers serving on boards of publicly traded companies listed with NYSE
Euronextand The NASDAQ OMX Group Inc stock exchanges. www.boardmember.com.
About NYSE Euronext
NYSE
Euronext ( NYX ) is a leading global operator of financial markets and
provider of innovative trading technologies. The company's exchanges in
Europe and the United States trade equities, futures, options,
fixed-income and exchange-traded products. With approximately 8,000
listed issues (excluding European Structured Products), NYSE Euronext's
equities markets−the New York Stock Exchange, NYSE Euronext, NYSE MKT,
NYSE Alternext and NYSE Arca−represent one-third of the world's equities
trading, the most liquidity of any global exchange group. NYSE Euronext
also operates NYSE Liffe, one of the leading European derivatives
businesses and the world's second-largest derivatives business by value
of trading. The company offers comprehensive commercial technology,
connectivity, and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index. For more
information, please visit: www.nyx.com.
About Marsh
Marsh,
a global leader in insurance broking and risk management, teams with its
clients to define, design and deliver innovative industry-specific
solutions that help them protect their future and thrive. It has
approximately 26,000 colleagues who collaborate to provide advice and
transactional capabilities to clients in more than 100 countries. Marsh
is a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE:MMC),
a global team of professional services companies offering clients advice
and solutions in the areas of risk, strategy and human capital. With
more than 53,000 employees worldwide and annual revenue exceeding $11
billion, Marsh & McLennan Companies is also the parent company of Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; Mercer, a global leader in talent, health,
retirement and investment consulting; and Oliver Wyman, a global leader
in management consulting. Follow Marsh on Twitter @Marsh_Inc.
Source: NYSE Euronext